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.
Bitcoin News·
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 […]
Read full articleSenators John Curtis and Adam Schiff are concerned about the CFTC’s enforcement ability after a “troubling” report on Polymarket’s advertising.
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.
Meta's Arena app could re-engage younger users, leveraging prediction markets' growing cultural relevance while navigating regulatory challenges. The post Meta explores partnerships with Polymarket and Kalshi for prediction betting app Arena appeared first on Crypto Briefing.
The bipartisan scrutiny of Polymarket may lead to stricter regulations on prediction markets, impacting their operation and legal framework. The post CFTC probes Polymarket over prediction market activities appeared first on Crypto Briefing.
Mark Zuckerberg has pushed Meta's leadership to explore partnerships with Polymarket and Kalshi, per a new New York Times report, days after a separate report revealed Meta is building its own prediction-market app called Arena.
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 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.