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Senators are seeking answers from the CFTC about recent allegations of deceptive marketing from Polymarket.
Read full articleSeventeen Democratic senators are urging the Senate Appropriations Subcommittee to include a rider in the FY2027 spending bill that would prohibit the CFTC from using any federal funds to sue states over prediction-market regulation, escalating a multi-front jurisdictional battle spanning nine
The lawsuit against Polymarket could lead to stricter influencer marketing regulations and increased compliance costs for the prediction market industry. The post Polymarket sued by consumer advocates for allegedly targeting college students with deceptive influencer campaigns appeared first on Crypto Briefing.
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.
The regulatory agencies are seeking public feedback on cross-margining, collateral and risk management as cryptocurrency derivatives and multi-asset trading continue to expand.
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…
The Securities and Exchange Commission and Commodity Futures Trading Commission have launched a joint review of crypto derivatives regulations, opening a 60-day public comment period following the approval of U.S. crypto perpetual futures. According to a joint press release, the…
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 investigation could reshape regulatory oversight in prediction markets, impacting transparency and trust in the broader crypto ecosystem. The post Senators call for federal investigation into Polymarket’s deceptive advertising appeared first on Crypto Briefing.
