Polymarket Launches New Trade Information System After CFTC Payment

Polymarket, the decision-making platform, announced new trading data just three weeks after being fined $1.4 million by management. However, residents in the United States could not trade on the site, the company said in an email Monday.

US residents can only view business information.

Polymarket said it would continue to block U.S. consumer businesses "from going through regulatory processes and focusing on the business going forward."

Earlier this month, Polymarket announced a commercial venture called Airdrop Futures, allowing scientists to track and market airdrop capabilities. US merchants are also not permitted to use these features.

On January 3, the Future Trade Corporation (CFTC) fined Polymarket $1.4 million and ordered it to close the store and release all customers.

Bloomberg reported that the CFTC began investigating Polymarket in October.

Polymarket was reportedly in talks to raise $1 billion in net worth at the time the research began.