CFTC Expands Polymarket Probe to Social Media and Fraudulent Trading Activities
2026-06-30 09:11

Woofun AI reports that the Commodity Futures Trading Commission has initiated a comprehensive investigation into Polymarket, examining its business conduct including social media operations. The probe follows allegations that the platform employed creators to produce deceptive trading content to attract users. Although Polymarket settled with the CFTC in 2022 and technically barred U.S. users, some individuals continue accessing the main platform via VPNs. The company is currently cooperating with regulators to lift restrictions and reintroduce its exchange to the U.S. market. Senators Adam Schiff and John Curtis recently requested confirmation of the ongoing advertising investigation and details on how the agency prevents U.S. user acquisition since the 2022 action.

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Adam Schiff
John Curtis
Polymarket
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