Decentralized prediction platform Polymarket introduced new data marketplaces just three weeks after regulators fined it $1. 4 million. However, U. S. citizens will not be able to work at the site, the company said in an email Monday.
U. S. citizens will only be able to view market information.
Polymarket said it would block transactions from U. S. -based users. While continuing to “work through regulatory procedure and on the long-term business. “
Earlier this month, Polymarket introduced a market called Airdrop Futures that allows speculators to track and the industry on the likelihood of airdrops. This feature is also not available to merchants founded in the United States.
On January 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 that the CFTC began investigating Polymarket in October.
When the investigation began, Polymarket was allegedly in talks to increase the budget to a valuation of around a billion dollars.
Read more: “Wen Token?”: Polymarket’s new Airdrop futures market has answers
UPDATE (January 24, 2022, 20:13 UTC): Adds a chip in Airdrop Futures.
CORRECTION (January 14, 22:10 UTC): The name and first sentence were changed to reflect that new markets have been published on Polymarket as a result of the CFTC action and that it has not been closed. A PR communication for Polymarket incorrectly indicated that the company had relaunched its Array