Polymarket, UMA Communities Lock Horns After $7M Ukraine Bet Resolves
The bet was resolved as ‘yes’ despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
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The bet was resolved as ‘yes’ despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
Caroline Pham, the agency’s acting chairman, is scheduling an experts roundtable to reset the CFTC’s course on this “sinkhole of legal uncertainty.”
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers’ interactions with the prediction market site Polymarket.
In so doing, Polymarket’s founder demonstrated a real-world consumer use case for crypto, earning him a spot on CoinDesk’s Most Influential 2024 list.
The new ban means French traders can no longer access the crypto powered prediction markets juggernaut.
A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.
What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?
Shayne Coplan’s prediction market saw enormous activity leading up to the U.S. presidential election.
The U.S.’s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election