CFTC Opens Investigation Into Polymarket's Fake Influencer Campaign

The Commodity Futures Trading Commission is investigating prediction market platform Polymarket over deceptive advertising. The company paid creators to stage trades on fake websites mimicking its real platform, amplifying $1.9 million in fabricated bets across 1,100+ videos to U.S. audiences. Polymarket is barred from serving Americans under a 2022 settlement. The case tests whether offshore platforms can legally run domestic influencer campaigns for prohibited products.