Coinbase is in the hot seat! 🎭 The CFTC has subpoenaed the US-based crypto exchange over its ties with Polymarket, a prediction market platform. While Coinbase assures users they needn't panic, it might have to spill some account beans unless a legal block is filed by Jan. 15, 2025.
Polymarket, already under scrutiny after its CEO's home was raided by the FBI, has been a hotspot for Trump victory bets, with some users pocketing $50 million! 💸
What do you think about prediction markets in crypto? Share your thoughts in the comments!