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Polymarket Investigates Midterm Election Bets
Polymarket, a cryptocurrency market platform, has investigated dozens of bets on its midterm election markets for possible insider trading and manipulation. The company's head of global intelligence and investigations, Shana Bautista, said her team of 16 monitors both Polymarket's U.S.-regulated exchange and Polymarket International, where users can trade anonymously with crypto. At least two investigations have been referred to the Commodity Futures Trading Commission. Bautista emphasized the importance of not trading on information that could be considered insider trading, which is against Polymarket's terms of use and the law.