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CFTC launches investigation into Polymarket, multiple US states and consumer organizations apply pressure simultaneously.

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Mars Finance reported that on June 27, the U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the prediction market platform Polymarket in recent weeks. The investigation is still ongoing, but the specific focus remains unclear. Reports say that Polymarket was allowed to resume limited operations in the U.S. last year, and this investigation creates new regulatory pressure for it. With prediction markets growing rapidly, multi-state and consumer protection organizations in the U.S. are calling for stronger oversight, and more than a dozen states have taken legal action against Polymarket and Kalshi, accusing them of allegedly operating illegal sports betting businesses. (Financial Times)
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