Summary
- The US CFTC has reportedly issued a subpoena related to Polymarket to Coinbase.
- Coinbase stated that it may share specific customer information with the CFTC.
- It was reported that there were past concerns related to U.S. presidential election betting as a background to the investigation into Polymarket.
The United States Commodity Futures Trading Commission (CFTC) has issued a subpoena to the U.S. cryptocurrency exchange Coinbase concerning Polymarket.
According to a report by Cointelegraph on the 9th (local time), Coinbase announced through its official channels that "the CFTC has sent a subpoena related to the crypto-based prediction market platform Polymarket, and may share specific customer information, including account-related details, with the CFTC."
It is not known what kind of investigation the CFTC is conducting regarding Polymarket, but concerns about manipulation related to the U.S. presidential election betting last November have persisted, leading to an FBI raid on the home of Polymarket CEO Shayne Coplan.
YM Lee
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