Polymarket Wagers on Bank Failures Trigger FDIC Concerns
Federal officials are scrutinizing Polymarket for allowing wagers on the potential failure of major U.S. banks. The bets have raised concerns among regulators in Washington.
Polymarket bets on the likelihood that some of the biggest names in banking, including Wells Fargo & Co., JPMorgan Chase & Co. and Bank of America Corp., will fail are drawing scrutiny from officials in Washington, according to people familiar with the matter.
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