Within hours, Adams then drained its liquidity, apparently having scammed investors out of $3.4 million—a move called a rug pull.
"Due to the uncertain legal and regulatory framework around 'prediction markets', Gambling Companies that are operating as 'prediction markets' (e.g., Kalshi, Polymarket, PredictIt) will not be approved."
"Due to the uncertain legal and regulatory framework around 'prediction markets', Gambling Companies that are operating as 'prediction markets' (e.g., Kalshi, Polymarket, PredictIt) will not be approved."