Overview

• The U.S. Department of Justice and Commodity Futures Trading Commission have formally closed their investigations into Polymarket, clearing the platform of alleged wrongdoing.
• Prosecutors had targeted Polymarket for allowing Americans to place bets despite requirements to block U.S. traders.
• Last year the FBI executed a raid on founder Shayne Coplan’s home, seizing his computers and phones as part of the inquiry.
• Polymarket settled with the CFTC in 2022 for unregistered operations and has since raised over $70 million from investors including Peter Thiel and Vitalik Buterin.
• The resolution reflects a broader shift in U.S. crypto policy under President Trump toward easing oversight of digital asset markets.