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.