A deep-pocketed investor who is looking to make tens of millions of dollars from crypto betting platform Polymarket reportedly says that he has no political motivation behind putting his money on Donald Trump to win the upcoming US election. According to a new report by The Wall Street Journal (WSJ), a French national calling himself […]
The post Whale Trader Looking for $80,000,000 Gains on Polymarket Says He Has No Political Agenda: Report appeared first on The Daily Hodl.
Bitcoin Betting is launching its cutting-edge DeFi app, designed for sports betting and prediction markets. The app targets semi-professional sports bettors who value privacy, high limits, great odds and peace of mind, knowing that their funds are secure and can always be withdrawn within seconds on the Ethereum blockchain. With no KYC requirements, identity management […]
Ethereum (ETH) creator Vitalik Buterin isn’t dissuaded by the controversy surrounding the decentralized betting platform Polymarket. The Polygon-based betting platform has sparked criticism for offering war markets related to the ongoing conflicts in the Middle East between Israel, Hezbollah and Hamas. Markets like “Israeli forces enter Lebanon in September?” and “U.S. evacuates Beirut Embassy by […]
The post Ethereum Creator Vitalik Buterin Says He Supports the Existence of Betting Platform Polymarket – Here’s Why appeared first on The Daily Hodl.
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.”
