US senators urge CFTC probe Polymarket over ‘deceptive marketing’
Senators John Curtis and Adam Schiff are concerned about the CFTC’s enforcement ability after a “troubling” report on Polymarket’s advertising.
The Defiant·
Polymarket confirmed hackers drained approximately $3 million through a compromised third-party vendor that injected malicious code into the platform's website, and pledged full refunds to fewer than 15 affected accounts.
Read full articleSenators John Curtis and Adam Schiff are concerned about the CFTC’s enforcement ability after a “troubling” report on Polymarket’s advertising.
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Prediction-market platform Polymarket said hackers stole roughly $3 million from users after a third-party vendor was compromised and malicious code was injected into its website. The incident has since been fully contained, and refunds are being initiated for affected users in full. A Supply-Chain Attack, Not a Direct Breach Polymarket disclosed that a compromise at […]
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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.