1. United States
2. Ark.
3. Letter

I am writing to demand your immediate intervention regarding blatant consumer fraud in the prediction market sector. Polymarket is running a coordinated deception campaign targeting retail investors. The federal regulatory agencies tasked with stopping this exploitation are entirely absent. The Wall Street Journal recently revealed that Polymarket created a simulated, fake website called "Poimarket" (Source: Wall Street Journal investigation). The company provided this sandbox to influencers so they could film fabricated, highly profitable bets. This orchestrated illusion tricks regular citizens into believing the platform offers a rapid path to wealth. Objective data proves that attempting these identical trades in the real market leads to severe financial ruin (Source: Wall Street Journal investigation). This deception is compounded by illegal marketing practices. Politico uncovered that Polymarket's Chief Marketing Officer, Matthew Madabber, bypassed standard corporate channels by using a personal PayPal account to pay political influencers for promotions (Source: Politico investigation). These paid advertisements routinely omitted legally required disclosures. The public was deliberately misled into believing these were organic endorsements (Source: Politico investigation). The broader prediction market industry, including companies like KHI, is aggressively deploying these predatory growth tactics. They leverage high-profile advisers to shield themselves from scrutiny while fighting for market share. The Federal Trade Commission and the Commodity Futures Trading Commission have explicit rules against undisclosed advertising and market manipulation. Their complete inaction in the face of public reporting is a dereliction of duty. Your constituents are being actively scammed. I expect you to publicly pressure the FTC and CFTC to enforce the law and to launch a congressional inquiry into Polymarket's deceptive operations. I expect a reply detailing the exact legislative or oversight steps you are taking to address this crisis.