CFTC Launches Investigation Into Polymarket as 12+ States Take Legal Action, June 27

According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into prediction market platform Polymarket as of June 27, with the probe still ongoing. Simultaneously, more than a dozen U.S. states and consumer protection organizations are pressuring for stricter oversight, with multiple states taking legal action against Polymarket and alleging it operates as an illegal sports betting service, according to the Financial Times.
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