Predictions Platform Polymarket Raises $4M From Polychain, Naval Ravikant and...

Predictions Platform Polymarket Raises $4M From Polychain, Naval Ravikant and...

The decentralized information marketplace, currently in beta, said the investment will help it improve the user experience.


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CFTC reportedly investigating decentralized prediction platform Polymarket

Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. 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 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.A spokesperson for the platform stated:....

Election Bets Drive Fee Spike at Predictions Platform Polymarket

Amid the election excitement, decentralized predictions site Polymarket has become the fourth-highest blockchain project by fees generated.

Crypto predictions platform Polymarket fined $1.4M by CTFC

“All derivatives markets must operate within the bounds of the law regardless of the technology used,” said Acting Director of Enforcement Vincent McGonagle. New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a fine of $1.4 million. Polymarket is a decentralized platform that enables users to bet on the outcomes of event markets such as pro-sports games and political elections via binary options contracts. On Jan. 3, the CFTC announced that it had entered an order filing and simultaneously settling....

a16z, Mark Cuban invest $23 million in NFT platform OpenSea

OpenSea’s CEO, Devin Finzer, announced a successful funding round. Led by investment first a16z, with participation from Mark Cuban, Naval Ravikant, Tim Ferris, 3LAU, Standard Crypto, and others, the Non-fungible token (NFT) marketplace raised $23 million. The platform was founded in 2017 under the prospect of building a new internet economy. OpenSea has been at […]

Best Altcoins to Buy as $1.1B Superbowl Polymarket Betting Shows Crypto Is Pa...

The online prediction marketplace, Polymarket, where users can bet with crypto, saw $1.1B in Superbowl bets yesterday. One person took home a tidy profit of $550K while another lost $718K. Polymarket demonstrates that crypto is trickling down to the masses who can use it for anything, including betting on their favorite football team. That’s why […]