Taiwan officials launch inquiry into crypto betting on election results: Report
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With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on the presidential outcome. This advice comes amid an ongoing investigation, with several individuals already called for questioning.
According to a recent local
Just last year, Polymarkets faced regulatory challenges in the United States.
Headquartered in New York, the Commodity Futures Trading Commission (CFTC) initiated legal proceedings against the platform in January 2022.
The CFTC claimed that the platform had been operating an “illegal unregistered or non-designated facility” since June 2020.
However, during the 2020 U.S. election, Polymarket saw significant trade, posting a new volume record of more than $10 million.
Magazine: Terrorism & Israel-Gaza war weaponized to destroy crypto
