US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs
The lawmakers urged the CFTC to take action and prevent the "commodification" of US elections.

Stay current on Polymarket news, including prediction market growth, election activity, legal scrutiny, and crypto-native trading trends.
Data from Dune Analytics shows that Polymarket's cumulative bet volume reached $1.03 billion in July, up from $672.94 million in June.
Polymarket’s innovative approach to betting on US political outcomes bypasses traditional regulations and drives significant user engagement.
As of July 23, Trump has a 64% chance of winning the presidency, compared to Harris's 34%.
Following the failed attack, Elon Musk and Justin Sun have publicly endorsed former president Donald Trump.
Polymarket's spot Bitcoin ETF odds take a tumble as Matrixport report casts doubt on SEC approval prospects.
Polymarket made its name as a decentralized information markets platform that allows users to bet on the outcome of real-world events, such as national inflation rates, political elections, reported cases of COVID-19 and political nominations.