The CFTC Investigates Polymarket as Multiple U.S. States and Consumer Organizations Simultaneously Push Back

BlockBeats News, June 27th, the U.S. Commodity Futures Trading Commission (CFTC) has been investigating the prediction market platform Polymarket in recent weeks. The investigation is ongoing, with the specific focus still unclear. Reports indicate that Polymarket was granted limited operation in the U.S. last year. This investigation represents new regulatory pressure on the platform.

As the prediction market grows rapidly, multiple U.S. states and consumer protection organizations are calling for enhanced regulation. Over a dozen states have taken legal action against Polymarket and Kalshi, accusing them of operating illegal sports betting activities. (Financial Times)