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6Perp DEXProgressed· since 2026-06-28Jun 30, 2026

CFTC Launches Broad Investigation Into Polymarket Covering Social Media and Wash Trading

The CFTC launched a broad investigation into Polymarket covering social media activities and alleged wash trading, expanding the scope of the formal inquiry previously reported. The CFTC separately ordered two foreign crypto firms to pay $2.5 million for illegal transactions with US customers.

CFTC investigation scope expanded publicly to include social media activities and wash trading; separate CFTC probe expansion reported.

Story timeline · 7 days

  1. Jun 30, 20266· this story
    CFTC Launches Broad Investigation Into Polymarket Covering Social Media and Wash Trading

    CFTC investigation scope expanded publicly to include social media activities and wash trading; separate CFTC probe expansion reported.

  2. Jun 29, 20265
    Polymarket Frontend Hack Total Confirmed at $3.1M From 11 Wallets; Refund Pledge Under Scrutiny

    Losses confirmed at $3.1M from 11 wallets; platform's refund pledge faces ongoing credibility scrutiny.

  3. Jun 28, 20264
    Polymarket Faces Formal CFTC Investigation and Multi-State Scrutiny

    CFTC probe now described as formal investigation alongside multi-state pressure, extending prior reporting on regulatory scrutiny and fake bets allegations.

  4. Jun 28, 20265
    Prediction Market Weekly Volume Hits $14.4B Record for Third Consecutive Week

    Prediction market trading volume rose to $14.4B in weekly volume, hitting a record for the third straight week according to a16z data.

  5. Jun 28, 20266
    Polymarket Frontend Hack Drains $3.1M From 11 Wallets

    Loss total confirmed at $3.1M across 11 wallets; platform pledged full refunds.

  6. Jun 27, 20265
    CFTC and Multiple US States Investigate Polymarket; Platform Reports $1B Annualized Revenue

    CFTC formal investigation launched with multiple US states and consumer groups simultaneously applying pressure; $1B annualized revenue milestone added.

  7. Jun 26, 20265
    Polymarket Suffers $3M Frontend Supply-Chain Exploit; Pledges Full User Compensation

Sources · 3