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Will Kraken continue to operate in Australia by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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%
Yes • 50%
No • 50%
Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
Increased market position • 25%
No change in market position • 25%
Decreased market position • 25%
Unclear impact • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Market leader • 25%
Top 3 • 25%
Top 5 • 25%
Outside top 5 • 25%