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U.S. Closes Polymarket Investigations With No Charges

Cooperation with investigators earned Polymarket declinations of civil and criminal actions under a more lenient crypto enforcement regime.

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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 issued formal declination notices earlier this month, ending their respective inquiries without filing charges.
  • Investigators had focused on allegations that Polymarket continued to let U.S. users place bets despite a 2022 consent order requiring geoblocking.
  • An FBI raid on CEO Shayne Coplan’s New York home in November 2024 resulted in seized devices but no subsequent indictments.
  • President Trump’s administration has dropped several crypto-related probes initiated under President Biden, reflecting a broader easing of digital asset enforcement.
  • Polymarket remains active offshore on the Polygon network while regulators in Singapore, France and other jurisdictions enforce access restrictions.