Polymarket Severs Relationship with George Santos Amid Regulatory Probe of Rival Prediction Market

Prediction market platform Polymarket announced it is ending its association with former Congressman George Santos. The decision follows a regulatory investigation into trading activity on a competing prediction market. Authorities are examining whether the rival platform violated securities or election laws. Polymarket said the move reflects its commitment to compliance and reputational risk management. Santos had previously engaged with Polymarket on promotional activities. The probe adds to broader scrutiny of digital prediction markets by U.S. regulators. Polymarket will continue operating its own marketplace under existing guidelines. The outcome of the investigation could shape future oversight of similar platforms.