“Polymarket” project is under investigation by the CFTC
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Answer “Polymarket” project is under investigation by the CFTC
A press report appeared from Source It is reported that an investigation into the “Polymarket” decentralized finance project has been opened by the Commodity Futures Trading Commission (CFTC) to find out whether the “Polymarket” platform allows clients to improperly trade in swaps or binary options and whether it should be registered with the agency, according to This was reported by Bloomberg, citing people familiar with the matter.
And “Bloomberg”, quoting two members of the authority, said that the company has facilitated the liquidation of about 4 billion shares since the start of its operations last year, and it is in talks about a new round of financing that could reach the platform’s estimate by about one billion dollars.Read:Ethereum co-founder criticizes how Monero is mined with phones
Bloomberg, citing other sources, said that New York-based Polymarket has appointed the former head of the law enforcement division of the Commodity Futures Trading Commission (CFTC) to handle the investigation.
The same source said that the Commodity Futures Trading Commission refused to comment, while “Polymarket” gave an answer that neither confirmed nor denied the existence of any investigation.
Decentralized finance (DeFi) entrepreneurs have long argued that smart contract interfaces should not be as censored as centralized trading platforms.
Polymarket founder Shane Coplan declined to comment on the announcement of the investigation from the CFTC.Read:CEO of “Visa”: Bitcoin outperforms traditional currencies in these aspects
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