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Polymarket Refers Election Bets to CFTC After Investigation

By Drooid · Oct 27, 2026, 6:29 PM UTC · How we work

Summary

Story summary

Polymarket investigated dozens of election-related bets before the Nov 3 midterms.
It referred at least two investigations to the U.S. Commodity Futures Trading Commission.
Shana Bautista leads a 16-person global intelligence team that processes gigabytes of data.
A staffer bypassed Kalshi’s block that had stopped dozens of campaign staffers from betting.
Economics professor Rajiv Sethi warned prediction markets could create self-fulfilling prophecies.

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Story summary

Polymarket investigated dozens of election-related bets before the Nov 3 midterms.
It referred at least two investigations to the U.S. Commodity Futures Trading Commission.
Shana Bautista leads a 16-person global intelligence team that processes gigabytes of data.
A staffer bypassed Kalshi’s block that had stopped dozens of campaign staffers from betting.
Economics professor Rajiv Sethi warned prediction markets could create self-fulfilling prophecies.