Those in the know: The Polymarket prediction platform is under investigation by the US CFTC.

2021-10-23 22:49
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On October 23, the US Commodity Futures Market (CFTC) investigated whether Polymarket allowed its clients to trade futures or binary options, and whether they should register with the organization, as the capital knows the problem. A spokesperson for the company said: "Polymarket insists on compliance with laws and regulations and provides information to regulators for review." The CFTC declined to comment. Polymarket is reportedly run by developer Shane Coplan, 23. The company is in talks with investors for a new venture worth nearly $ 1 billion, according to two people familiar with the matter. Both men, well aware of the situation, asked not to reveal their names as the conversation took place in private. (Bloomberg)

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