Polymarket just caught a breath but is under investigation again; with this pace of U.S. regulation, Kalshi is probably sweating too.

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.