CNBC: CFTC Conducting Broad Investigation of Polymarket
JH Kim
Summary
- A report said the US Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into prediction-market platform Polymarket.
- CNBC reported, citing industry sources, that the CFTC is investigating Polymarket.
- The start of the investigation is unknown, but it is believed to have followed a WSJ report last week over allegations that Polymarket paid creators to post fake betting videos.
Forecast Trend Report by Period
The US Commodity Futures Trading Commission is conducting a broad investigation into prediction-market platform Polymarket, CNBC reported.
CNBC reported on June 26, citing industry sources, that the CFTC is investigating Polymarket.
It is not known when the probe began. The investigation is believed to have followed a Wall Street Journal report last week that Polymarket paid creators to post fake betting videos.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.