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A DAO Is No Defense: CFTC Says Decentralization Does Not Immunize DeFi From Regulation - Commodities/Derivatives/Stock Exchanges

Under the existing legal regimes, decentralized autonomous organizations ("DAO" or "DAOs") have been viewed as a way to hedge against regulatory action by way of a decentralized structure.
United States Navinder Sarao Department Of Justice Blockratize Inc Commodity Futures Trading Commission Technologies Inc
Source: mondaq.com

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Blockratize to Pay $1.4 Million Penalty to CFTC for Operating Unregistered Swap Facility and Non-Designated Contract Market | Nelson Mullins Riley & Scarborough LLP

The Commodity Futures Trading Commission (โ€œCFTCโ€ or โ€œCommissionโ€) sanctioned Blockratize, Inc. d/b/a Polymarket.com on January 3, 2022 and ordered it to pay a $1.4 million civil money...
United States Commodity Futures Trading Commission Blockratize Inc Commodity Exchange Act Commission Regulations United States Code

CFTC Issues Cease and Desist Order to Binary Options Operator Using Smart Contracts | Proskauer - Blockchain and the Law

On January 3, 2022, the Commodity Futures Trading Commission (the โ€œCFTCโ€) entered an order charging Blockratize, Inc. (d/b/a Polymarket.com) (โ€œPolymarketโ€) with offering off-exchange...
Vincent Mcgonagle Commodity Futures Trading Commission Blockratize Inc Commodity Exchange Commodity Exchange Act Tokyo Olympics

Facilitator Of Smart Contracts Protocol Fined $1.4 Million By CFTC For Purportedly Enabling Unregistered Events-Based Binary Options Trading Platform - Finance and Banking

Blockratize, Inc., d/b/a Polymarket, the owner of a website through which customers access smart contracts on the Polygon blockchain to place "winner-take-all" bets on enumerated future events...
Daniel Berkovitz Vincent Mcgonagle Exchange Commission Commission Division Of Enforcement Trading Commission Blockratize Inc
Source: mondaq.com

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