{"id":146430,"date":"2025-01-10T13:30:08","date_gmt":"2025-01-10T11:30:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146430"},"modified":"2025-01-10T11:33:37","modified_gmt":"2025-01-10T09:33:37","slug":"coinbase-subpoenaed-by-cftc-for-customer-data-linked-to-polymarket","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-subpoenaed-by-cftc-for-customer-data-linked-to-polymarket\/","title":{"rendered":"Coinbase Subpoenaed by CFTC for Customer Data Linked to Polymarket"},"content":{"rendered":"

This move<\/a> <\/strong>has raised questions within the crypto community as it marks a significant step in the CFTC\u2019s examination of prediction markets ahead of the U.S. elections.<\/p>\n

Polymarket, which allows users to wager on outcomes of various events, including political predictions, has been under regulatory scrutiny since its inception. The subpoena, which was made public recently, specifically requests customer information tied to the platform. A screenshot of an email from Coinbase to some of its users was shared by Eric Conner, founder of ETHHub, revealing that the exchange may be required to submit data to the CFTC.<\/p>\n

This is not the first time Polymarket has faced regulatory challenges. In 2022, the platform was hit with a lawsuit from the CFTC for failing to register its services, resulting in a hefty fine and restrictions on access for U.S. citizens.<\/p>\n