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International Business Times
International Business Times
Business
Marvie Basilan

Coinbase Reportedly Receives CFTC Subpoena Related To Polymarket Months After Platform's CEO House Raid

CFTC Coinbase Polymarket Donald Trump Shayne Coplan United States Crypto FBI
Coinbase has reportedly been subpoenaed by the CFTC. (Credit: Coinbase Assets on X/Screenshot)

KEY POINTS

  • Coinbase's notice to customers reportedly warned it 'may be required' to provide information to the CFTC
  • Crypto users criticized the CFTC for its alleged 'centralized scrutiny' and the 'targeted attacks' on the industry
  • FBI raided the home of Polymarket's CEO in November and seized his phone and electronics

Cryptocurrency exchange giant Coinbase has reportedly received a subpoena from the Commodity Futures Trading Commission (CFTC) in relation to market prediction platform Polymarket, whose CEO Shayne Coplan's home was raided by the FBI in November.

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