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Will Rari Capital founders face additional SEC charges by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the SEC or court documents
Story
SEC Settles Charges Against Rari Capital for Misleading Investors, Unregistered Brokers, and Securities
Sep 18, 2024, 07:55 PM
The U.S. Securities and Exchange Commission (SEC) has settled charges against decentralized finance (DeFi) platform Rari Capital and its founders. The charges include misleading investors, operating as unregistered brokers, and offering unregistered securities. The case pertains to Rari Capital's two blockchain investment platforms, which once held over $1 billion in crypto assets. The SEC accused Rari Capital of advertising their lending pools as autonomous while they were manually operated. The settlement is part of the SEC's broader effort to regulate the DeFi sector.
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Fines • 25%
Bans from financial activities • 25%
Criminal charges • 25%
No further action • 25%
Founders step down • 25%
Founders remain in charge • 25%
Founders face legal consequences • 25%
Other outcomes • 25%
Yes • 50%
No • 50%
Rari Capital's token price increases • 25%
Rari Capital's token price decreases • 25%
No significant change in token price • 25%
Other market reactions • 25%
Yes • 50%
No • 50%
