Polymarket Tightens Rules to Explicitly Ban Insider Trading
The update applies to both Polymarket’s DeFi (decentralized finance) platform and its U.S. regulated exchange as scrutiny from the CFTC (U.S. derivatives regulator) increases.
Summary
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Terms & Concepts
DeFi: Decentralized finance, a blockchain-based financial system that operates without traditional intermediaries.
Insider trading: Trading based on non-public information or influence over an outcome, which market operators may prohibit to protect fairness.
CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives and certain prediction market activity.