Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.
This story was originally published by CoinDesk.
The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.
Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.
Polymarket restricted trading and paused relayer actions as users report funds leaving their accounts. A suspected attacker wallet holds about $2.65 million in POL, per Arkham data.
Polymarket halted all new trading on Thursday, 20 minutes after a trader said $800,000 was drained from his account and warned that other users were hit. The company has not said whether it was…
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The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.
