Mango Markets Considers $500K CFTC Settlement
Mango Markets looks into the possibility of offering the CFTC a $500,000 civil penalty to address the regulator’s allegations against the platform. Mango Markets , a decentralized exchange headquartered in Solana, may be required to pay an additional $500,000 in penalties to resolve allegations made by the Commodity Futures Trading Commission. Mango Markets Considers $500K […]
US Judge Fines Man $36M for 5 Year Crypto Fraud
A US Judge has fined William Koo Ichioka $36 million for defrauding cryptocurrency investors by falsely promising high returns. A federal court judge fined a New York resident $36 million for allegedly defrauding cryptocurrency investors by falsely promising high returns and then using the money to support his lavish lifestyle. US Judge Fines William Ichioka […]
CFTC Appeals Ruling Favoring Kalshi on Election Bets
The CFTC argued that election-based markets are vulnerable to manipulation and could undermine public trust. The United States’ Commodity Futures Trading Commission (CFTC) is appealing a recent court decision that would allow the prediction market platform Kalshi to offer contracts linked to US election results. The current legal struggle has raised several questions regarding the […]
CFTC Monitors Polymarket, Offshore betting Platforms – Chair
The United States Commodity Futures Trading Commission has announced that it closely monitors Polymarket and other offshore crypto betting platforms that provide derivatives contracts to US consumers. In a Jul. 17 discussion at the Georgetown Psaros Center for Financial Markets and Policy, CFTC Chair Rostin Behnam stated, “We are monitoring any offshore activity that is […]
Kalshi Halts US Election Trading After Court Ruling
Kalshi launched its election markets after U.S. District Judge Jia Cobb ruled that the CFTC had exceeded its authority. The United States Commodity Futures Trading Commission (CFTC) successfully obtained an administrative stay on the underlying order in its case against Kalshi, forcing the prediction market to halt its trading in the United States election less […]