technology
Two senators seek federal probe of Polymarket social-media promotions
Two U.S. senators have requested a federal investigation into Polymarket’s social-media activity after a Wall Street Journal report described the prediction market’s marketing practices as deceptive. The lawmakers cited concerns over the platform’s promotion of fake bets.
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Two U.S. senators have asked federal authorities to investigate Polymarket’s social-media promotions following a Wall Street Journal report on the prediction market’s marketing practices. The senators stated that the platform had promoted fake bets on social media. They linked their request to the earlier reporting on those practices.
Background on the reporting The Wall Street Journal article examined Polymarket’s social-media activity and described certain promotions as deceptive. The senators referenced that coverage when they called for the investigation. No timeline for any federal review has been announced.
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