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US Senators Urge CFTC to Investigate Polymarket

Source
JH Kim

Summary

  • U.S. senators have urged the CFTC to investigate prediction-market platform Polymarket.
  • Two U.S. senators sent a letter to the CFTC chair seeking an investigation into Polymarket's deceptive marketing practices.
  • The senators said existing reports about Polymarket's deceptive marketing were deeply concerning and called for an immediate review.

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U.S. senators have urged the Commodity Futures Trading Commission to investigate prediction-market platform Polymarket.

The Wall Street Journal reported on June 26 that two U.S. senators sent a letter to the CFTC chair seeking an investigation into Polymarket's deceptive marketing practices.

The senators wrote that existing reports about Polymarket's deceptive marketing were deeply concerning and called for an immediate review of the matter.

Photo: Shutterstock
Photo: Shutterstock
#Prediction Market
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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