Polymarket is planning to launch its primary exchange in the U.S., pending approval from the Commodity Futures Trading Commission (CFTC). This move marks a significant step for the prediction market platform as it seeks to expand its operations within the regulatory framework of the United States. In legal news, U.S. District Judge Kaplan has denied Sam Bankman-Fried's (SBF) request for a retrial. The judge dismissed SBF's claims of new evidence as "baseless" and criticized his assertions of government intimidation as "extremely conspiratorial." SBF, who was convicted of seven fraud charges in 2023 and sentenced to 25 years in prison, continues to appeal his conviction. Meanwhile, Robinhood reported a 47% decline in cryptocurrency revenue for Q1, with figures dropping to $134 million. The trading platform also saw a 48% decrease in crypto trading volume, despite an overall 7% increase in total trading revenue, driven by significant growth in event contract revenue.
Polymarket Eyes U.S. Launch, SBF Denied Retrial, Robinhood Crypto Revenue Drops
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