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Will Mango Markets introduce new compliance measures by March 31, 2025?
2
Resolution / Starting Odds
Yes, new measures introduced • 25%
No new measures introduced • 25%
Announces intention but no implementation • 25%
Partially implements new measures • 25%
Official announcements from Mango Markets or related entities
Story
Mango Markets Entities to Pay $700K in SEC Settlement Over Unregistered $70M MNGO Token Sales, Broker Activity
Sep 27, 2024, 06:52 PM
On September 27, 2024, the US Securities and Exchange Commission (SEC) announced charges against entities operating the crypto asset trading platform Mango Markets—including Mango DAO, Blockworks Foundation, and Mango Labs—for unregistered offers and sales of the platform's "MNGO" governance tokens and unregistered broker activity. The SEC alleged that Mango Markets raised $70 million through these unregistered token sales and brokerage activities without proper registration. The entities have agreed to settle the charges by paying $700,000 in penalties.
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Yes • 50%
No • 50%
Launches new token with proper registration • 25%
Shuts down operations • 25%
Continues operations without issuing new tokens • 25%
Other • 25%
Settlement finalized • 25%
Settlement rejected • 25%
New charges filed • 25%
No action taken • 25%
Full compliance and no further actions • 25%
Partial compliance with additional penalties • 25%
Non-compliance and additional charges • 25%
Other • 25%