CFTC announced an order against and settlement with Polymarket, a blockchain-enabled prediction market that allows users to bet on the occurrence of certain future events.
CFTC announced an order against and settlement with Polymarket, a blockchain-enabled prediction market that allows users to bet on the occurrence of certain future events.
On January 3, 2022, the Commodity Futures Trading Commission (CFTC) announced an order against and settlement with Polymarket, a blockchain-enabled prediction market that allows users.
<p><span>Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex is adjusting the strike widths of various binary contracts, as well as the ranges for certain Touch Bracket contracts. These amendments will become effective for trade date January 18, 2022. </span></p>
<p><span>Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.2(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commission on December 22, 2021 its intent to add additional Intraday 2-Hour Binary contracts expiring at 4:00pm ET Monday through Friday in its FTSE 100 and Germany 40 markets, as well as additional Intraday 2-Hour Call Spread contracts expiring each hour between 5:00am and 9:00am ET Monday through Friday, also in its FTSE 100 and Germany 40 markets. The new contracts will begin listing on January 10, 2022. </span></p>