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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 ...
Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators , weather patterns, awards, as well as political and legislative outcomes.
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 ...
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 ...
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, which does not allow trading in the U.S., also gained scrutiny after a mystery French trader, known as the Polymarket whale, made large bets on Trump winning the election.
This includes recent reports claiming there is manipulative trading on the site—most notably by a single French trader who allegedly caused Trump’s odds to soar. Polymarket has insisted that ...
The increased scrutiny of Polymarket comes after a trader revealed to be a French national bet $30 million on a win for Trump on the platform. The "whale" saw about $48 million in profits on the ...