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What will be the future of Kraken's operations in the U.S. by end of 2024?
3
Resolution / Starting Odds
Continues operations as is • 25%
Operational restrictions • 25%
Significant fines • 25%
Ceases operations in the U.S. • 25%
Official announcements from Kraken or regulatory bodies
Story
Kraken Faces SEC Lawsuit and Australian Ruling Over Distribution Flaws
Aug 23, 2024, 06:09 PM
The Federal Court of Australia ruled that Bit Trade Pty Ltd, the operator of Kraken in Australia, contravened a section of the nation's Corporations Act, according to ASIC, due to distribution flaws. Additionally, Kraken is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for allegedly operating an unregistered securities exchange. A judge has ruled that Kraken must face this lawsuit, highlighting the ongoing regulatory scrutiny in the cryptocurrency industry.
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Continue operations as usual • 25%
Scale down operations • 25%
Exit the Australian market • 25%
Expand operations • 25%
Unchanged • 25%
Significant operational changes • 25%
Shut down operations • 25%
Other outcome • 25%
Increased market position • 25%
No change in market position • 25%
Decreased market position • 25%
Unclear impact • 25%
Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Below Top 10 • 25%
Market leader • 25%
Top 3 • 25%
Top 5 • 25%
Outside top 5 • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Cryptocurrency trading features • 25%
DeFi products • 25%
Blockchain technology services • 25%
Other • 25%