CFTC Conducting Broad Probe Into Prediction Market Polymarket

CFTC Conducting Broad Probe Into Prediction Market Polymarket The US Commodity Futures Trading Commission is conducting an extensive investigation into Polymarket, according to a person familiar with the matter, the latest challenge for the prediction market platform plagued by operational stumbles and legal scrutiny. As part of the probe, the CFTC is looking into social media activity tied to Polymarket, said the person, asking for anonymity to discuss non-public information. The Wall Street Journal recently reported the company hired dozens of mostly college-aged social media creators to film themselves making fake trades with some fake wins to draw users to its site.