Share this article
Polymarket Introduces New Information Markets After CFTC Fine, but Not for US Traders
The decentralized predictions marketplace received a $1.4 million fine from the Commodity Futures Trading Commission.
Updated May 11, 2023, 7:16 p.m. Published Jan 24, 2022, 8:05 p.m.
Decentralized predictions platform Polymarket has launched new information markets just three weeks after being fined $1.4 million by regulators. However, U.S. residents will not be able to trade on the site, the company said in an email Monday.
- U.S. residents will be able only to view information on the markets.
- Polymarket said it will block trades from U.S.-based users as it continues “working through the regulation process and focusing on the future of the company.”
- Earlier this month, Polymarket launched a market called Airdrop Futures that allows speculators to follow and trade on the likelihood of airdrops. This feature is also unavailable to U.S.-based traders.
- On Jan. 3, the Commodity Futures Trading Commission (CFTC) fined Polymarket $1.4 million and ordered it to close its markets and offer users full refunds.
- Bloomberg reported the CFTC started investigating Polymarket in October.
- When the probe began, Polymarket was reportedly in talks to raise money at an approximately $1 billion valuation.
Read more: ‘Wen Token?’: Polymarket’s New Airdrop Futures Market Has Answers
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Jan. 24, 2022, 20:13 UTC): Adds bullet point on Airdrop Futures.
CORRECTION (Jan. 14, 22:10 UTC): Changes headline and first sentence to reflect that new markets have been issued on Polymarket following the CFTC action and that the site wasn't shut down. A public relations communication for Polymarket mistakenly said that the company had relaunched its site.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
