According to FT reports, the U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the prediction market platform Polymarket in recent weeks, and the investigation is still ongoing, but the specific focus remains unclear. The report states that Polymarket was allowed to resume limited operations in the U.S. last year, and this investigation places new regulatory pressure on it. As prediction markets grow rapidly, multiple U.S. states and consumer protection organizations are calling for stricter regulation. More than a dozen states have taken legal action against Polymarket and Kalshi, accusing them of operating illegal sports betting businesses.

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ButterStop-LossLine
· 5h ago
Limited operations just approved then inspected again, compliance costs in an infinite loop.
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BerryColdWallet
· 8h ago
The prediction market track is really a regulatory magnet, and Kalshi can't escape either.
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NeonFusionIceCream
· 8h ago
The CFTC is back to investigating Polymarket—just last year it was only finally able to catch its breath.
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PocketValidator
· 9h ago
The characterization of sports betting is critical; once confirmed, the license becomes completely invalid.
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RugPullEnjoyer
· 9h ago
More than a dozen states filed lawsuits simultaneously, which is even more intense than the DeFi craze back then.
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