CFTC Investigates Whether Polymarket Violated 2022 Agreement Barring U.S. Users

October 28 — According to Reuters, citing sources, the U.S. Commodity Futures Trading Commission (CFTC) is investigating whether prediction market platform Polymarket violated the agreement it reached with regulators in 2022 to bar U.S. users. The investigation concerns Polymarket's controls and advertising activities in the United States; the CFTC is also examining customer access and protection measures on Polymarket's U.S. platform. In 2022, Polymarket settled with the CFTC for $1.4 million over offering unregistered event contracts.