Senators push CFTC to probe Polymarket's fake-trade influencer campaign targeting U.S. users

Senators Curtis and Schiff demanded answers from CFTC Chairman Behnam on 26 June following Wall Street Journal investigations revealing Polymarket paid social media creators to produce videos showing trades on dummy websites mimicking Polymarket's interface. Seventy percent featured bets on fake platforms, not Polymarket itself. The platform has been prohibited from serving U.S. persons since a 2022 CFTC enforcement order. The campaign was designed for U.S. viral reach.