CFTC reportedly investigating decentralized prediction platform Polymarket

Cointelegraph

Published Oct 24, 2021 11:16PM ET

Updated Oct 26, 2021 01:20AM ET

New York-based decentralized prediction market Polymarket has come under investigation from the United States Commodity Futures Trading Commission.

According to a Saturday report from Bloomberg citing anonymous sources, the CFTC is investigating whether Polymarket is allowing its customers to trade binary options and swaps that should be registered with the financial regulator. The CFTC is yet to confirm whether it is investigating Polymarket.

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