Polymarket Has Investigated 'Dozens' of Midterm Election Bets: Report

Polymarket has investigated dozens of suspicious bets related to the U.S. midterm elections, according to a report. The prediction market platform's head of investigations revealed that its surveillance system generates hundreds of alerts daily, and the company has referred at least two cases to the Commodity Futures Trading Commission for potential further action. The disclosures come as Polymarket faces heightened scrutiny over the integrity of its election-related markets. The company has reportedly been building out its compliance and investigative capabilities to monitor for manipulation, insider trading, and other illicit activity on its platform.