đ Crypto News:
đ The CFTC is closely monitoring Polymarket and other foreign crypto betting platforms that offer derivatives to US customers. President Rostin Behnam stressed that legal action will be taken if they violate the law.
đ Blockchain prediction markets are under scrutiny, especially as the 2024 presidential election approaches. Polymarket was fined $1.4 million in January 2022 for failing to register its derivatives contracts.
âïž The CFTC lost part of its lawsuit against Kalshi, but Kalshi's election market remains suspended following an appeals court order on September 12.
đŹ What do you think about blockchain election betting? Share your thoughts!#Crypto#Blockchain#BTC#Finance
đ Read more: [Article link]
