Congress is investigating Polymarket after at least 50 new accounts placed winning bets on a US-Iran ceasefire just before President Trump’s announcement. Representative Ritchie Torres called for a formal review, while Senator Richard Blumenthal criticized the platform for exploiting national security secrets. This is not the first time suspicious betting has occurred before major geopolitical events. The CFTC issued a notice on prediction markets, and there is growing regulatory scrutiny on Polymarket.

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