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DeFi security
Smart-contract, protocol and decentralized-finance security.
Image: crypto.newsPolymarket’s Dual Exchange Structure: Risks, Protections, and User Impact (not officially confirmed)
According to crypto.news, Polymarket operates two distinct platforms under one brand: a wallet-based DeFi venue and a CFTC-regulated US exchange. These platforms differ fundamentally in custody, collateral, identity verification, product scope, and resolution mechanisms. The existence of two separate entities, each governed by different legal frameworks and offering different protections, creates significant risk and complexity for users. This report is based on media reporting and is not officially confirmed.
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crypto.newsPolymarket’s Dual Exchange Structure: Risks, Protections, and User Impact (not officially confirmed)
According to crypto.news, Polymarket operates two distinct platforms under one brand: a wallet-based DeFi venue and a CFTC-regulated US exchange. These platforms differ fundamentally in custody, collateral, identity verification, product scope, and resolution mechanisms. The existence of two separate entities, each governed by different legal frameworks and offering different protections, creates significant risk and complexity for users. This report is based on media reporting and is not officially confirmed.
Crypto Economy
Kraken parent Payward agrees to acquire Magic Labs’ wallet infrastructure business
Payward signed a definitive agreement to acquire Magic Labs’ wallet-as-a-service business, adding embedded non-custodial wallets to the infrastructure group behind Kraken.