CFTC Fines Crypto Betting Service Polymarket $1.4 M for Unregistered Swaps

Polymarket worked together with the examination, according the CFTC’s news release, resulting in a decreased fine. The business will stop using markets byJan 14, 2022 and dedicate to making all funds readily available to users byJan 24, according to the order. Polymarket will likewise stop and desist any additional offenses of the CEA, though it does not appear the business itself will be closed down.



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