Bipartisan Senators Call for CFTC Investigation of Polymarket Over Staged Promotions

Bipartisan Senators Call for CFTC Investigation of Polymarket Over Staged Promotions

Senators John Curtis (R-Utah) and Adam Schiff (D-California) wrote to CFTC Chair Michael Selig on Thursday calling for a federal investigation into Polymarket after a Wall Street Journal report alleged the prediction market platform paid social media influencers to film fake winning bets on copycat versions of its website. The bipartisan letter called the allegations “deeply troubling” and asked Selig for written responses by July 10. The Journa…

Around the Net In Media: Senators Urge Feds To Investigate Polymarket's Marketing

Senators Urge Feds To Investigate Polymarket's Marketing - 06/29/2026

Curtis, Schiff press CFTC on reports of deceptive marketing by prediction market operator - Utah Policy

U.S. Senators John Curtis (R-UT) and Adam Schiff (D-CA) sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig requesting answers following recent reports that prediction market operator Polymarket used deceptive marketing tactics to promote gambling-style products to U.S. audiences. In their letter, the senators argue that the alleged conduct underscores growing concerns that prediction markets are functioning mo…