Polymarket refers US midterm election betting cases to CFTC as offshore wallet trading remains highly concentrated

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Polymarket has investigated dozens of bets related to the US midterm elections and referred at least two cases to the CFTC; its offshore platform still allows users to trade anonymously using cryptocurrency. Research shows that the top 1% of wallets by trading volume in this midterm election cycle drove 70% of congressional election trading volume; as of October 18, the top 100 wallets held 56% of the value of all positions.