The US Government Launched 3 Previously Unreported Investigations of Polymarket Trades
The agency that oversees prediction markets has investigated Polymarket trades on Biden pardons and the Iran war—and even more potential insider trading at Google, documents obtained by WIRED show.
According to the Commodity Futures Trading Commission's voting records, the agency has initiated three previously unreported investigations into Polymarket trades. The first investigation focused on potential insider trading related to Biden's pardons, while the second targeted "Iran event contracts" on Polymarket, which reportedly made $2.4 million on trades with a 98 percent win rate.
The third investigation centered on suspected insider trading on Google-themed Polymarket event contracts, with the Southern District of New York conducting a parallel investigation. Polymarket declined to comment on the investigations, stating that it refers matters to law enforcement and supports ongoing investigations as part of its commitment to protecting market integrity.
Written by urgent.news from Wired's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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