State Tax and Gaming Policy

House Democrats led by Rep. Seth Moulton and Rep. Ritchie Torres separately pressed CFTC Chair Michael Selig to investigate Polymarket after reports that at least 50 new accounts placed large, well-timed bets on a U.S.-Iran ceasefire minutes before President Trump's announcement and other traders profited hundreds of thousands on forecasts tied to Maduro, U.S. strikes, and Iran — a pattern Harvard researchers estimate may have generated roughly $143 million in possible insider profits. The lawmakers cite CFTC rules barring contracts tied to war or terrorism and demand explanations for enforcement, while Polymarket says the flagged Iran market "slipped through" internal safeguards and removed it as the CFTC and the Trump administration assert federal oversight amid state and tribal legal pushback.