Signage on the State of affairs Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026.
Graeme Sloan | Bloomberg | Getty Photographs
The Commodity Futures Buying and selling Fee has an ongoing, in depth investigation into prediction market platform Polymarket, in line with an individual conversant in the inquiry.
The Wall Road Journal first reported the investigation on Friday.
A spokesperson for the CFTC and one other for Polymarket each declined to remark.
Information of the investigation comes greater than every week after a Wall Road Journal story revealed that Polymarket carried out a deceptive advertising and marketing marketing campaign, making content material creators seem as if they had been profitable on the platform when in actuality they weren’t placing any cash down.
The particular person conversant in the inquiry, who was not approved to talk publicly, didn’t disclose a timeline for when the fee’s investigation into Polymarket started.
CEO and founding father of Polymarket US Shayne Coplan speaks throughout the FIA World Cleared Markets Convention Boca 2026, in Boca Raton, Florida, U.S., March 10, 2026.
Marco Bello | Reuters
Polymarket reiterated to CNBC that it’s taking steps in response to the Journal’s investigation into its advertising and marketing .
“We’re conducting a complete audit of lively promotional content material to make sure it complies with our requirements, in addition to relevant regulatory and authorized disclosure necessities,” a spokesperson mentioned in a press release.
The CFTC investigation marks a reversal for Polymarket’s regulatory fortunes over the previous 12 months. Whereas the corporate was initially banned from permitting U.S. customers in 2022 for not correctly registering with regulators, investigations by the CFTC and the Division of Justice had been later dropped in July of final 12 months with out costs.
Polymarket’s CFTC-regulated U.S. change launched in December, reopening entry to home customers, and had a waitlist to entry the platform lifted six weeks in the past.
The CFTC underneath Chairman Michael Selig has been aggressive in its assist for prediction markets, however the investigation into Polymarket would mark the fee’s first high-profile inquiry into an occasion contract platform underneath his management.
