US senators ask CFTC to address Polymarket marketing allegations
US senators Adam Schiff and John Curtis asked the CFTC to respond to allegations that Polymarket paid to stage $1.9m in bets for a marketing campaign. They also asked whether the commission is investigating and has the authority and expertise to regulate prediction markets; the senators set 10 July as the response deadline. Polymarket said it would review its promotional materials.
The senators’ questions may clarify CFTC scrutiny of prediction-market marketing and the commission’s regulatory authority.