US Senators Asks CFTC To Conclude Ban On Election Betting
Five US Senators and three House reps have issued a new round of calls to the commodities regulator to prohibit betting on the 2024 presidential election. Polymarket, a decentralized prediction platform, has amassed over $500 million in bets on the likely winner of the 2024 United States presidential election.In a letter to Rostin Benham, the […]
CFTC Investigates Ben Armstrong for Meme Crypto Fraud
The CFTC recently issued a subpoena to Hit Network, a crypto media company that initially had Ben Armstrong as its public face, for fraudulent activity with meme tokens. The CFTC (Commodity Futures Trading Commission) has recently conducted an investigation into a meme crypto fraud that involved the renowned crypto YouTuber Ben Armstrong, also known as […]
Crypto/Forex Fraudster To Pay $31M In CFTC Enforcement Action
The case between the CFTC and crypto/forex fraudster Alejandro Tinoco, who stole millions in forex-related offenses, has been resolved. Abner Alejandro Tinoco and Kikit & Mess Investments, LLC. will be required to pay a total of $31 million as a penalty in a Commodity Futures Trading Commission (C.F.T.C.) crypto fraud enforcement action. El Paso’s Forex, […]
President Of Jump Crypto Resigns Amid CFTC Investigation
Kanav Kariya, the president of Jump Crypto, has announced his resignation amid reports of a pending investigation into the firm’s activities. In response to widespread reports of a Commodity Futures Trading Commission (CFTC) investigation, Kanav Kariya, the president of Jump Crypto and the chief of Jump Trading’s digital asset subsidiary, has announced his resignation. In […]
Jump Crypto Facing United States CFTC Investigation
Jump Crypto is reportedly under investigation by the United States CFTC following a series of interrogating engagements in the industry. Jump Crypto, a financial institution in Chicago, has recently been the subject of the Commodity Futures Trading Commission (CFTC) investigation. Issues Raised About Jump Crypto The United States regulator is concerned about Jump Crypto’s involvement […]