Today proved just how easy it is to find & charge criminal insider trading when markets are onchain.
It's not anonymous — you will be found just like this guy. We appreciate the recognition from SDNY & will continue to work with gov’t authorities to prosecute bad actors.
Today, we filed a lawsuit in federal court against Massachusetts. Congress gave the CFTC, not states, exclusive authority over event contracts.
These are national markets with critical questions that must be resolved in federal court 🧵
Last week, a Nevada state court ordered Polymarket to halt operations in NV — no notice or opportunity to be heard.
Today, we took that case to federal court.
Congress gave the CFTC, not the states, exclusive jurisdiction over event contracts.
We appreciate the CFTC acting to protect American markets, and we look forward to the federal court's reasoned consideration.
We fight for the users.