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The DOJ is investigating Polymarket for allegedly allowing U.S.-based users to bet on the site, Bloomberg News reported Wednesday evening. Polymarket declined to comment on those allegations but a ...
To briefly recap, Polymarket was kicked out of the U.S. in 2022 for letting U.S. users bet on political prediction markets, which, at the time, was against the law.
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 ...
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.
In 2022, his home was raided by the FBI, in what was later revealed to be an investigation into child pornography. [7] In 2023, Meek was arrested on charges of transportation and possession of child pornography. [8] [9] Later that year, he pleaded guilty to those charges [10] [11] and was sentenced to six years in prison. [12] [13] [14]
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 ...
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 burst on the scene this year, but the idea behind it is centuries old and reflects a notion, popularized in the book The Wisdom of Crowds, that crowd-sourcing a question can produce ...