Polymarket Faces Renewed CFTC Probe Over Whether It Broke 2022 Settlement: Report
By Unchained
AI summary of the source article
The CFTC is investigating whether Polymarket complied with a 2022 settlement requiring it to keep US users off its offshore prediction market. Regulators are examining its customer location methods, US advertising, and customer onboarding controls.
Key facts
- Polymarket is under a CFTC probe examining whether it adhered to a 2022 settlement to block US users from its offshore platform.
- In the January 2022 settlement, Polymarket paid a $1.4 million civil penalty and agreed to stop serving US users.
- Investigators are scrutinizing Polymarket's customer location verification, US advertising, and onboarding protections.
Source excerpt · Unchained
Investigators are reportedly examining how Polymarket checked where its users were, how it marketed in the US and how its newer US platform onboards customers. The post Polymarket Faces Renewed CFTC Probe Over Whether It Broke 2022 Settlement: Report appeared first on Unchained .