The CFTC admits that it has not identified trades placed by binary options autotrading systems sold or promoted by Zilmil, as such trades are placed on illegal, unregistered internet-based exchanges.
In addition to being risky investments, binary options are becoming a favored tool of fraudsters. CFTC Binary Options Fraud Advisory SEC Investor Alert, Binary Options and Fraud In addition to ...
On January 3, 2022, the Commodity Futures Trading Commission (the “CFTC”) entered an order charging Blockratize, Inc. (d/b/a Polymarket.com) (“Polymarket”) with offering off-exchange binary options ...