CFTC Targets Coinbase for Polymarket Data
- Coinbase informed customers about a CFTC data request.
- The request involves interactions with prediction market firm Polymarket.
- Emails about the CFTC’s demands have circulated on social media.
- The CFTC previously lost a case against prediction market firm Kalshi.
The CFTC’s subpoena to Coinbase highlights ongoing regulatory scrutiny of prediction markets. The prior legal loss against Kalshi suggests potential challenges in enforcing regulations, which could impact future rulings and market operations involving election betting.
