The US Department of Justice (DOJ) has recently investigated Polymarket, a betting platform, for allowing US residents to bet on its platform during the November 2024 elections. In connection with this investigation, the Commodity Futures Trading Commission (CFTC) has subpoenaed customer information from Coinbase, a leading cryptocurrency exchange. Coinbase is expected to provide the requested information to the CFTC or face closure by January 15, 2025. This development comes after the FBI raided Polymarket's CEO, which led to a backlash from industry officials. The exact connection between Polymarket and Coinbase in this case is unknown, and Coinbase CEO Brian Armstrong has not yet commented on the CFTC subpoena.



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