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Story summary
- The U.S. government opened three investigations into Polymarket trading.
- CFTC chair Michael Selig approved an order to probe insider trading on Biden pardon contracts.
- The probe followed an NPR report about a trader who earned $300,000 betting on pardons.
- The trader correctly wagered pardons for Liz Cheney, Adam Kinzinger and Adam Schiff.
- Former CFTC enforcement attorney Joseph Konizeski said the press-driven investigations expose regulatory weakness.
