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2w ago

DOJ and CFTC Close Polymarket Investigations With No Charges Filed

The closures mark the Trump administration’s broader rollback of digital-asset enforcement that began earlier this year.

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© Thomas Fuller/SOPA Images/LightRocket via Getty Images
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Overview

  • The Department of Justice and Commodity Futures Trading Commission formally declined to pursue charges on July 15, 2025, closing both criminal and civil inquiries into Polymarket.
  • Regulators had scrutinized whether the prediction market violated its 2022 $1.4 million settlement with the CFTC by allowing U.S. users to place bets.
  • Polymarket handled over $3.6 billion in wagers during the 2024 U.S. presidential election, a volume that drew federal attention.
  • In late 2024, FBI agents executed a raid on CEO Shayne Coplan’s New York home, seizing electronic devices though no charges followed.
  • The closures reflect President Trump’s supportive stance on crypto platforms and arrive as Congress readies the GENIUS Act on stablecoin oversight.