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Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
On the more serious end, Polymarket could be looking at money laundering violations under the Bank Secrecy Act related to compliance failures around “know-your-customer” policies, which verify ...
The FBI searched the New York City home of Polymarket founder Shayne Coplan as part of a criminal investigation into the election betting platform, law enforcement sources told ABC News. The ...
The FBI has raided the home of Polymarket chief executive Shayne Coplan as part of an investigation into the crypto betting platform.. Federal law enforcement agents seized the 26-year-old CEO’s ...
This is a list of websites that are blocked in Singapore. These websites are mainly unlicensed gambling, pimping (known as vice related activities), copyright infringement/piracy, and for spreading falsehoods. Some websites may be blocked because they are suspected scam websites. [1]
Polymarket agreed to block access in the US after reaching a settlement with the Commodity Futures Trading Commission and paying a $1.4 million penalty in early 2022.
Polymarket declined to comment for this story, but a person familiar with the company said it was unlikely the court ruling would result in any sites offering bets in the U.S. on the presidential ...
Polymarket’s crypto design and offshore operations have drawn scrutiny from other quarters. This includes recent reports claiming there is manipulative trading on the site—most notably by a ...