3 ms·
The Wall Street Journal version of the OP article seems to indicate that the ruling did not apply to Polymarker due to it’s settlement with the CFTC in 2022 - b
by tacticalturtle 2y ago
The Wall Street Journal version of the OP article seems to indicate that the ruling did not apply to Polymarker due to it’s settlement with the CFTC in 2022 - but the language used is a little unclear:
> Polymarket has blocked access to Americans since 2022, following a settlement with the Commodity Futures Trading Commission, which accused the company of running an unregistered derivatives-trading platform. Traders say the ban on U.S. users can be circumvented using virtual private networks.
>Election betting was legalized in the U.S. under a recent federal court ruling, but only for CFTC-regulated markets, so Polymarket has remained off-limits to Americans.
https://www.wsj.com/us-news/law/fbi-polymarket-ceo-investigation-75472d18?st=eN71R9&reflink=article_copyURL_share https://www.wsj.com/us-news/law/fbi-polymarket-ceo-investiga...
- ianhawes 2y agoWould scream civil instead of criminal.