Cryptocurrencies It can be used for all kinds of crimes and in this respect it is similar to physical dollars, euros and other currencies. As we have announced here many times, the US CFTC has started a war against cryptocurrency prediction platforms. Today, the CFTC Chairman made important statements and said that what is necessary will be done.
Cryptocurrency Prediction Platforms
There is a concept called illegal betting in Türkiye and many parts of the world. Crypto You can’t open a website, even with a protocol based on it, and say that you promise profit/loss in return for a prediction. The US doesn’t want this. As the elections approached, Polymarket and others opened their own prediction screens and we saw people depositing money here and betting on Trump or Harris.
The launch of a platform for predicting election results is speculative according to the CFTC and has many problems, including the risk of fraud. We also see from the forecast data that the numbers are not consistent with real polls.
Beyond that crypto money There are even gambling platforms based on. Many countries, including Turkey, impose many penalties, including fines, on those who use illegal betting, prediction, and gambling platforms. The US is now taking this issue more seriously and CFTC Chairman Behnam made a statement saying, “We will take action.”
We have seen what US regulators have done to cryptocurrency exchanges that serve US users without permission. Now these platforms need to take pity on themselves and restrict access to US users because the CFTC will not take pity on them.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
