The drama around Polymarket is quite big; if the CFTC intervenes, the prediction market landscape will undergo a major change.

CoinWorld news: U.S. senators urge the Commodity Futures Trading Commission (CFTC) to investigate Polymarket over allegations that it used deceptive advertisements to attract U.S. users, even though the platform has restricted access within the United States. In a letter, Senators Adam Schiff and John Curtis asked CFTC Chairman Michael Selig to review claims that Polymarket promoted its markets through simulated trading websites, fake transactions, and undisclosed paid influencer activities. The letter noted that if the allegations are true, the CFTC should immediately conduct a regulatory review. Schiff and Curtis also requested that the CFTC provide a written response by July 10, stating whether it has launched an investigation into these allegations.