Senators call for federal investigation into Polymarket’s deceptive advertising

Senators are seeking answers from the CFTC about recent allegations of deceptive marketing from Polymarket.

Senators Adam Schiff and John Curtis sent a letter to CFTC Chair Michael Selig Thursday asking whether the agency is investigating Polymarket's paid influencer scheme, putting the regulator in a bind over a platform it licenses but whose staged trades ran on an offshore site beyond its direct reach.

As prediction markets notch record trading volumes, Kalshi is ramping up its marketing push through a high-profile FIFA World Cup deal.

U.S. senators have urged the Commodity Futures Trading Commission to investigate Polymarket over allegations that the prediction market platform used deceptive advertising to reach American users despite restricting access in the country. According to a letter obtained by The Wall…

A group of 17 Democratic senators went after the CFTC’s funding for lawsuits over prediction markets, calling it an “assault” on state authorities.

The entry of major trading firms into prediction markets enhances liquidity and pricing accuracy, signaling a shift towards mainstream financial integration. The post Prediction markets attract major trading firms like Jane Street and Wintermute appeared first on Crypto Briefing.

Prediction markets are entering a new phase — and the biggest market makers in the world are taking notice. Alex Momot, Co-founder of Peanut Trade, joins Camila Russo to break down the mechanics, the opportunity, and the risks behind this fast-moving space.

Polymarket's rapid revenue growth highlights the increasing competitiveness and regulatory evolution in the US prediction market sector. The post Polymarket surpasses $1B annualized revenue six weeks after US launch appeared first on Crypto Briefing.