Prediction markets supplier Polymarket is freed from U.S. investigations after the Division of Justice and Commodity Futures Buying and selling Fee advised Polymarket that they had wrapped up their inquiries.
Each the DOJ and CFTC notified Polymarket just lately, a person aware of the matter advised CoinDesk. Bloomberg first reported the information earlier on Tuesday.
The DOJ was investigating Polymarket final 12 months, reportedly for permitting U.S. customers to position bets on the positioning regardless of Polymarket being required to dam U.S. merchants. CoinDesk verified that not less than two U.S.-based people had been capable of place bets on the time.
A spokesperson for Polymarket stated final 12 months that an FBI raid of Polymarket founder Shayne Coplan’s house was “apparent political retribution.” Nevertheless, the spokesperson didn’t reply to a follow-up query about why the platform thought that.
Spokespeople for the DOJ, CFTC and Polymarket declined to touch upon Tuesday.
Political prediction markets have taken off just lately within the U.S., with the CFTC dropping its efforts in Might to dam one other platform, Kalshi, within the U.S.
Extra broadly, the U.S. regulatory regime has modified its method to digital belongings since Donald Trump grew to become president for a second time period. The Securities and Trade Fee has dropped over a dozen investigations and lively court docket instances in opposition to crypto corporations, whereas banking regulators have eased their scrutiny of economic companies corporations that wish to have interaction in crypto actions.
Congress can be on the verge of sending a invoice that may govern stablecoins to Trump’s desk to be signed into legislation. The Home of Representatives can be near advancing a invoice that may change how regulators method the digital belongings markets at massive.
UPDATE (July 15, 2025, 17:02 UTC): Provides CFTC declining to remark.
