Decentralized event market platform Polymarket has settled with the CFTC and will pay a $1.4 million civil penalty over a failure to register with the enforcement body.
New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission to pay a fine of $1.4 million.such as pro-sports games and political elections via binary options contracts.an order filing and simultaneously settling charges against Polymarket, with the platform found to have operated an “illegal unregistered or non-designated facility” since June 2020.
We’re pleased to confirm that we've successfully agreed to a settlement with the CFTC, & are excited to move forward & focus on the future of Polymarket.
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