Senators Adam Schiff (D-CA) and John Curtis (R-UT) have asked the Commodity Futures Trading Commission (CFTC) to respond to allegations raised in a recent Wall Street Journal report claiming that Polymarket paid to stage $1.9 million in fake bets as part of a marketing campaign.
Senators Adam Schiff and John Curtis have reached out to the Commodity Futures Trading Commission (CFTC) regarding the accusations made in a Wall Street Journal article about Polymarket. The report suggested that Polymarket orchestrated $1.9 million worth of fictitious bets for promotional purposes.
The senators are seeking clarification from the CFTC on the details of the alleged fake betting activities by Polymarket. The request comes in response to the findings published in The Wall Street Journal, which shed light on the purported marketing strategy involving staged bets.
