Senators Demand Answers From CFTC Over Alleged Polymarket Deceptive Advertising
Senators are seeking answers from the CFTC about recent allegations of deceptive marketing from Polymarket.
The Defiant·
Seventeen 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
Read full articleSenators 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.
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.
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