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Polymarket bet, FTX proceedings and a $35,000 fine: crypto law this week

8/2/2026

Courts and the broader legal environment around crypto stayed active this week, with three separate matters advancing simultaneously.

A case tied to defunct exchange FTX moved forward, a soldier sought to dismiss a claim linked to a Polymarket bet, and a former congressman was ordered to pay $35,000 for manipulative trading.

Sector-wide, the proceedings are a reminder that litigation timelines operate on their own clock, independent of where prices sit. The FTX thread A case connected to FTX, the defunct crypto exchange, advanced this week.

No detail was provided on the specific proceeding or the parties involved.

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