A bipartisan pair of senators is demanding that the Commodity Futures Trading Commission investigate Polymarket following reports that the predictions market paid social media creators to stage fake winning bets.
In a letter sent to CFTC Chair Michael Selig on Thursday, Sens. John Curtis, R-Utah, and Adam Schiff, D-Calif., raised concerns about the federal agency's ability to regulate those platforms.
"We remain concerned that the Commission is neither enforcing the law appropriately, nor is equipped to serve as a federal gambling regulator," they said in a letter obtained by The Block.
The letter follows a Wall Street Journal report last week that found Polymarket paid dozens of social media creators to film themselves placing fake bets, and sometimes even faking wins on replicas of its site. As part of its investigation, the Journal reviewed 1,105 videos from 10 creators from December 2025 to mid-May. A bet appeared in about 70% of them. None of the wagers, worth about $1.9 million, were real.
Polymarket told the Journal it is "committed to maintaining accurate, fair, and transparent markets" and plans a comprehensive audit of its promotional content.
