Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney

Polymarket is in the hot seat after an investigation alleged that the prediction market paid influencers to film fake trades and fabricate winnings. Legal experts say those allegations could result in regulatory consequences for the company—if President Donald Trump’s administration chooses to act.

The $9 billion company allegedly asked creators with American audiences to falsify trades as a marketing tactic, according to a report from The Wall Street Journal. Since 2022, Polymarket had been banned from the United States, but in January it won a license from the Commodity Futures Trading Commission, which regulates prediction markets.

If federal agencies have the appetite for investigations, the CFTC would likely focus on Polymarket’s efforts to attract U.S. customers without proper registration, while the Federal Trade Commission would zero in on its........

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