Polymarket relaunches website but bans US residents from trading

time:2022-01-25 00:30 source:Internet

Decentralized prediction platform Polymarket is back online just three weeks after being fined by regulators and ordered to shut down its market. However, U.S. residents will not be able to transact on the site, the company said in an email on Monday. Polymarket said it will block transactions from U.S. users as it continues to "go through the regulatory process and focus on the company's future." Earlier this month, Polymarket launched a marketplace called Airdrop Futures, allowing speculators to track and trade the possibility of airdrops. Traders in the US are also not able to use this feature. As previously reported, on Jan. 3, the Commodity Futures Trading Commission (CFTC) fined Polymarket $1.4 million and ordered it to close the market and provide users with full refunds.

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