Two senators from opposing parties are calling for a federal probe into Polymarket’s allegedly deceptive marketing practices, The Wall Street
Journal reports. “The public-facing behavior alleged here does not resemble a sober financial market designed for hedging or price discovery,” wrote Senators John Curtis
(R., Utah) and Adam Schiff (D., Calif.), in a letter to Michael Selig, chairman of Commodity Futures Trading Commission. “We remain concerned that the Commission is neither enforcing the
law appropriately, nor is equipped to serve as a federal gambling regulator.”