Polymarket Faces CFTC Probe and Deals With $3 Million Hack

Polymarket is facing a regulatory investigation following reports of an allegedly misleading marketing campaign. The Commodity Futures Trading Commission (CFTC) is engaged in what CNBC described as an “ongoing and extensive” probe into the prediction market, per a Friday (June 26) report . This regulatory inquiry comes to light just as the company reportedly manages the fallout of a $3.1 million phishing attack that compromised several user wallets.