CFTC is conducting an investigation into Polymarket, source says
The probe comes after the Commodity Futures Trading Commission and the Department of Justice dropped previous inquiries into Polymarket last July.
TL;DR
- The CFTC is investigating prediction market platform Polymarket.
- A previous investigation by the CFTC and Department of Justice into Polymarket was dropped in July of last year.
- The investigation follows a report that Polymarket conducted a misleading marketing campaign.
- Polymarket stated it is auditing active promotional content for compliance.
- Polymarket's CFTC-regulated U.S. exchange launched in December, reopening access to domestic users.