Polymarket, the crypto-based prediction market, has been fined $1.4M by the Commodity Futures Trading Commission (CFTC) for failing to register to offer binary options contracts. The CFTC said in a statement that Polymarket offered event-based binary option contracts without obtaining the necessary designations and registrations. Polymarket must cease offering access to these markets by January 14th, according to the CFTC’s complaint. Polymarket’s prediction market allows users to make simple...