GoKawiilCFTC opened three secret probes into Polymarket trading, FOIA records show
Documents obtained by WIRED via a Freedom of Information Act request reveal that CFTC chairman Michael Selig authorized at least three previously unreported investigations into trading on Polymarket. One order, signed in early May, targeted possible insider trading tied to Biden-era pardon markets, following an NPR report on a trader who made over $300,000 betting correctly on pardons for figures like Liz Cheney and Adam Schiff. A second order in late May authorized scrutiny of Iran-related event contracts, coming shortly after a 60 Minutes segment exposed accounts that earned $2.4 million with a suspicious 98 percent win rate.