US CFTC secretly approves investigations into insider trading on Polymarket

The US Commodity Futures Trading Commission (CFTC) has secretly authorized at least three investigations into insider trading on Polymarket, according to a report by Wired. The probes involve prediction markets related to presidential pardons, the Iran conflict, and Google search rankings. Investigations include a case involving over $300,000 in profits from a pardon-related contract, suspicious accounts with a 98% win rate netting $2.4 million on Iran-related contracts, and 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 cooperates with law enforcement, and two arrests related to the platform have already occurred.