Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns.
The United States Commodity Futures Trading Commission (CFTC) announced during a July 17 discussion at Georgetown Psaros Center for Financial Markets and Policy that it is closely watching Polymarket and other offshore crypto betting platforms.
CFTC Chair Rostin Behnam stated that the commission was “observing any activity” occurring offshore and providing “exposure to US customers.”
Behnam explained that the concern is ensuring that Polymarket and others carry out services “legally and within the bounds of the law.”
