Polymarket is exploring the issuance of its own token, with investors potentially getting warrants to buy the tokens if the plan goes forward.
The potential token is intended to allow users to validate the outcomes of real-world events, such as sports and political elections.
With nearly $1 billion staked on the U.S. presidential election alone, Polymarket has emerged as a significant player in the prediction market space.
CFTC Chairman Rostin Benham is monitoring offshore platforms like Polymarket that offer betting activities to U.S. customers, indicating regulatory scrutiny ahead.
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