US government launches at least three undisclosed investigations into Polymarket

According to documents obtained by WIRED, the US Commodity Futures Trading Commission (CFTC) has initiated at least three previously undisclosed investigations into Polymarket regarding potential insider trading. The probes focus on contracts related to President Biden's pardons, events in Iran, and Google's search ranking information. Parallel investigations are also being conducted by the US Attorney's Office for the Southern District of New York. Two individuals have already been arrested in connection with insider trading on the platform.