The CFTC launched an extensive investigation into Polymarket as bipartisan scrutiny and a consumer lawsuit intensified regulatory pressure.

A bipartisan pair of senators pressed regulators to scrutinize the prediction market’s deceptive marketing. An investigation has already been underway.

Senators Curtis and Schiff urge the CFTC to investigate Polymarket after a WSJ report exposed 118 influencer ads promoting fabricated trading wins of nearly