Polymarket sued by consumer advocates for allegedly targeting college students with deceptive influencer campaigns

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.

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 […]

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.

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 investigation could reshape regulatory oversight in prediction markets, impacting transparency and trust in the broader crypto ecosystem. The post Senators call for federal investigation into Polymarket’s deceptive advertising appeared first on Crypto Briefing.

Polymarket's rapid revenue growth highlights the increasing competitiveness and regulatory evolution in the US prediction market sector. The post Polymarket surpasses $1B annualized revenue six weeks after US launch appeared first on Crypto Briefing.