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CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets – Regulation Bitcoin News

The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives

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JPMorgan Doubles Down on Bitcoin Price Prediction of $146K – Markets and Prices Bitcoin News

Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios. JPMorgan Renews $146K Bitcoin Price Prediction JPMorgan

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Largest DeFi Prediction Market Polymarket Said to Be Under Investigation by CFTC: Report

Polymarket is being investigated by the Commodity Futures Trading Commission (CFTC) to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter. Original Source

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Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation – Markets and Prices Bitcoin News

Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC). Cathie Wood’s Ark

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