Business & Finance
CFTC launched three unpublicized investigations into Polymarket trades, records show
Wired reports that the regulator initiated inquiries into trading involving presidential pardons, Iran events, and Google contracts.
The short version
- Documents obtained through a public records request show the CFTC initiated three private inquiries into potential insider trading on Polymarket between May and July.[Wired]
- The investigations examine trades involving pardons issued by former president Joe Biden, Iran event contracts, and Google-themed event contracts.[Wired]
- Federal prosecutors in the Southern District of New York are conducting a parallel inquiry regarding the Google-related contracts.[Wired]
- It remains unconfirmed whether the Department of Justice is conducting parallel investigations into the trades involving Iran or presidential pardons.[Wired]
Key facts
- Records released under FOIA show the CFTC authorized three unpublicized inquiries into Polymarket trading activities.[Wired]
- CFTC chairman Michael Selig authorized separate probes into contracts concerning Biden pardons, Iran events, and Google-themed events between May and July.[Wired]
- The Southern District of New York is conducting a parallel investigation into the Google-themed event contracts.[Wired]
What remains uncertain
- It is not known whether the Department of Justice has initiated parallel investigations into the Polymarket contracts tied to Iran or presidential pardons.[Wired]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.