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Market
Which NFT platform will face the next major regulatory action by December 31, 2024?
3
Resolution / Starting Odds
OpenSea • 25%
Rarible • 25%
Foundation • 25%
Other • 25%
Official announcements from regulatory bodies
Story
OpenSea CEO Devin Finzer Pledges $5M After SEC Issues Wells Notice Over NFTs
Aug 28, 2024, 02:09 PM
OpenSea, a leading NFT marketplace, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating the regulator's intent to potentially sue the company. The SEC believes that some NFTs on OpenSea's platform may be classified as securities. OpenSea's CEO, Devin Finzer, expressed shock at the SEC's decision, arguing that NFTs are fundamentally creative goods such as art, collectibles, and video game items, and should not be regulated as securities. Finzer also pledged $5 million to help defend creators against the SEC's actions.
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Similar markets
SEC • 25%
CFTC • 25%
FTC • 25%
Other • 25%
SEC declares NFTs as securities • 25%
Other US regulatory body declares NFTs as securities • 25%
No major regulatory action • 25%
Other outcome • 25%
New regulations introduced • 25%
Existing regulations enforced • 25%
No significant actions • 25%
Other • 25%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
Tether • 25%
Circle • 25%
Binance USD • 25%
Other • 25%
BAYC • 25%
CryptoPunks • 25%
Art Blocks • 25%
Other • 25%
OpenSea • 25%
CryptoPunks • 25%
Bored Ape Yacht Club • 25%
Other • 25%
SEC • 25%
CFTC • 25%
New regulatory body • 25%
No single primary body • 25%
Aave • 25%
Uniswap • 25%
Compound • 25%
Other • 25%
Coinbase • 25%
Ripple • 25%
Stoner Cats • 25%
Other • 25%
Increased regulations • 25%
No significant change • 25%
Decreased regulations • 25%
Other outcomes • 25%
Ethereum (ETH) • 25%
Tether (USDT) • 25%
Binance Coin (BNB) • 25%
Other • 25%