Offshore Hustle Exposed | Tech News

A prediction market startup pulled off a daring offshore maneuver after regulators shut them down in 2022—hiding US operations under a Panamanian shell company while secretly running staff from Manhattan. Former employees confirm no one was actually in Panama, sparking outrage and a $1 million penalty. This isn’t the first time regulators have caught companies gaming the system, and now the CFTC is reportedly investigating again as affiliate marketing scandals fuel calls for federal action. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e1cedece94df00d5