U.S. Launches Probe into Polymarket, Challenging CFTC Enforcement Authority

The Commodity Futures Trading Commission (CFTC) announced a new investigation into Polymarket. Polymarket runs a prediction‑market platform that lets users wager on event outcomes. The move follows a 2023 decision where the CFTC overruled its enforcement attorneys. In that earlier decision, the agency halted a separate inquiry into the firm. The halted inquiry examined whether Polymarket was illegally serving U.S. customers. The company is described as Trump‑tied in reporting. Regulators view the case as a test of the CFTC’s enforcement authority. The result could influence how the agency oversees similar platforms.