CFTC Hits Polymarket with $1.4 Million Penalty Over Swaps

Polymarket, an internet-based market that allows users to play on events ranging from cryptocurrency prices to economical data to coronavirus caseful counts, was slapped with a $1.4 billion fine past the Commodities Futures Trading Commission (CFTC) stemming from allegations the political platform offered illegal contracts. The CFTC says New…