Category: Polymarket

CFTC reportedly investigating decentralized prediction platform Polymarket

CFTC reportedly investigating decentralized prediction platform Polymarket

Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. 2429 Total views 72 Total shares New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC). According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating […]

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Election Bets Drive Fee Spike at Predictions Platform Polymarket

Election Bets Drive Fee Spike at Predictions Platform Polymarket

Nov 5, 2020 at 12:49 UTCUpdated Nov 5, 2020 at 14:33 UTC Decentralized predictions platform Polymarket has passed DeFi protocol SushiSwap to become the fourth-highest blockchain project in terms of fees generated. According to Cryptofees, the platform is averaging over $100,000 in daily takings and currently trails behind first-place Bitcoin, Ethereum (second) and DeFi protocol […]

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