Polymarket faces new CFTC probe over US users on offshore platform
The Commodity Futures Trading Commission has launched a probe into Polymarket to determine whether the prediction market broke terms of a 2022 settlement requiring it to bar US-based users. This investigation is part of a broader CFTC examination of Polymarket that began earlier in the year. The probe concerns the enforcement of compliance with offshore platform restrictions.
Key points
- CFTC investigating Polymarket for US user access on offshore platform
- Potential violation of 2022 enforcement agreement
- Part of wider investigation into the prediction market
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