U.S. Senators John Curtis and Adam Schiff have sent a letter to CFTC Chairman Michael Selig, urging an investigation into Polymarket for allegedly paying social media creators to produce fake betting and fabricated profit videos. They also questioned the CFTC's ability to regulate prediction markets. According to a previous report by *The Wall Street Journal*, about 70% of the 1,105 promotional videos reviewed involved betting content, but the related bets, totaling approximately $1.9 million, were entirely fictitious. The two senators also requested clarification on whether the CFTC is currently investigating Polymarket and called for measures to prevent prediction market platforms from using the CFTC regulatory framework to bypass state and tribal gambling laws. (The Block) https://www.(wublock123.com)/news/senator-asks-cftc-to-investigate-polymarket-fraudulent-bets-63546