CFTC Subpoenas Coinbase for Polymarket Customer Data
- The Commodity Futures Trading Commission (CFTC) issued a subpoena to Coinbase for customer data related to Polymarket.
- Polymarket is a blockchain-based prediction platform, launched in 2020, allowing wagers on event outcomes.
- Polymarket gained attention during the U.S. presidential election for predicting Donald Trump’s reelection.
- Coinbase may be required to share user information with the CFTC based on legal procedures.
- Polymarket’s monthly active users increased to 349,500 last month, surpassing November’s record of 293,700.
The CFTC subpoenaed Coinbase for user data linked to Polymarket, a platform notable for its election predictions and recent growth in active users.
