Market
What will be the outcome of the UK FCA's ban on Pump Fun by mid-2025?
2
Resolution / Starting Odds
Ban upheld • 25%
Ban lifted • 25%
Ban modified • 25%
Other • 25%
Official statements from the UK Financial Conduct Authority (FCA) or legal documents
Story
UK FCA Bans Pump Fun, Solana Memecoin Platform, Over Market Manipulation
Dec 6, 2024, 04:05 PM
Pump Fun, a Solana-based meme coin launchpad known for its pump-and-dump schemes, has been banned in the United Kingdom following a warning from the Financial Conduct Authority (FCA) on December 6, 2024. The platform, which encourages users to participate in coordinated price inflation, has restricted UK users by displaying a 'restricted jurisdiction' message upon access. The FCA's action comes amid increasing regulatory scrutiny over platforms associated with market manipulation and volatile trading practices. Pump Fun had recently faced severe community pushback due to its livestream feature, which drew attention to its controversial business model.
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Emergence of alternative platforms • 25%
Decrease in trading volume • 25%
Increased regulatory compliance • 25%
No significant change • 25%
Legal challenge against the ban • 25%
Compliance with UK regulations • 25%
Platform shutdown • 25%
Relocation of operations outside UK • 25%
Independent • 25%
Democrat • 25%
Republican • 25%
Bipartisan • 25%
Binance • 25%
Other • 25%
Kraken • 25%
Coinbase • 25%
Economic Impact • 25%
Insufficient Support • 25%
Other Reason • 25%
Ethics Concerns • 25%
Ban upheld • 25%
Settlement reached • 25%
No appeal filed • 25%
Ban overturned • 25%
Decreased regulations • 25%
Increased regulations • 25%
Status quo • 25%
Unclear outcome • 25%
Rejected by Congress • 25%
No vote taken • 25%
Passed and signed into law • 25%
Passed but vetoed by President • 25%