COINBASE LOOPED INTO POLYMARKET DRAMA The CFTC tapped Coinbase for info on Polymarket, the prediction platform where users trade event outcomes with USDC. This follows an FBI raid on Polymarket CEO Shayne Coplan, accusing the platform of violating a prior settlement by… https://t.co/12GSJSS2YQ
CFTC TARGETS POLYMARKET, COINBASE PULLED IN Coinbase is cooperating with the CFTC’s investigation into Polymarket, a USDC-powered prediction market platform. The FBI also raided CEO Shayne Coplan, alleging non-compliance with a prior settlement over U.S. user transactions.… https://t.co/hQK020d7lA
Coinbase Subpoenaed by CFTC for Polymarket-Related Customer Data The U.S. Commodities and Futures Trading Commission (CFTC) has served @Coinbase with a subpoena requiring it to hand over “general customer information” related to its investigation of decentralized betting market…





The U.S. Commodity Futures Trading Commission (CFTC) has subpoenaed Coinbase for information related to its investigation of Polymarket, a decentralized prediction market. Coinbase has alerted its users via email about the subpoena, which demands general customer information regarding their interactions with Polymarket. This inquiry follows an FBI raid on Polymarket's CEO, Shayne Coplan, who is accused of violating a prior settlement concerning U.S. user transactions. Coinbase is reportedly cooperating with the CFTC in this investigation, which has raised concerns within the cryptocurrency community regarding regulatory scrutiny.