US CFTC Launches Three Insider Trading Probes Into Polymarket

The US Commodity Futures Trading Commission (CFTC) has initiated three secret investigations into insider trading on Polymarket, involving event contracts related to Biden's pardons, the Iran war, and Google. Documents obtained by WIRED reveal that investigations were approved between May and July. One case involves a trader who profited over $300,000 from pardon-related contracts, while another involves suspicious accounts that gained $2.4 million with a 98% win rate on Iran war contracts. A third probe examines potential misuse of non-public information regarding Google's 2025 search rankings. The US Attorney's Office for the Southern District of New York is conducting a parallel investigation. Polymarket stated it is cooperating with law enforcement.