Congress members seek investigations into Polymarket trades ahead of Iran ceasefire
US Representative Ritchie Torres asked the Commodity Futures Trading Commission to review and investigate trades on Polymarket after accounts placed bets on a US-Iran ceasefire shortly before President Donald Trump announced it. Torres said the trades raised concerns about possible access to non-public information; Senator Richard Blumenthal separately asked Polymarket to explain its handling of bets on war and violence.
Requests for investigations raise oversight questions about trading on prediction markets and Polymarket’s handling of war-related bets.