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Polymarket Faces Scrutiny After Report Alleges Influencer-Promoted Fake Trades

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2026-06-23 16:30:17
The Wall Street Journal alleged that Polymarket paid influencers to film fake trades and fabricate winnings. According to NS3.AI, attorney Steven Lofchie said the Federal Trade Commission (FTC) might have an easier case than the Commodity Futures Trading Commission (CFTC).

Separately, attorney Daniel Wallach said federal investigations are unlikely under U.S. President Donald Trump’s administration.
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