TLDR

Polymarket Cleared: DOJ, CFTC End Probes With No Charges Filed

Feds Drop Polymarket Case, Opening Door for U.S. Market Reentry

Regulators Close Polymarket Probe, Signal Shift in Crypto Policy

Polymarket Off the Hook as DOJ, CFTC Wrap Nine-Month Investigation

With Probes Over, Polymarket Eyes Legal U.S. Comeback and Growth

The U.S. Department of Justice and the Commodity Futures Trading Commission have ended their investigations into Polymarket. The blockchain-based prediction market received formal notices confirming the closure of both criminal and civil probes. No charges have been filed, marking a significant shift in regulatory posture under the current administration.

U.S. probes into Polymarket have been closed, just months after FBI agents raided CEO Shayne Coplan’s NYC home.

The DOJ and CFTC ended investigations launched in late 2023 over potential violations tied to U.S. users. pic.twitter.com/vZlKU3JPw6

— Satoshi Club (@esatoshiclub) July 15, 2025

The investigations focused on whether Polymarket violated a 2022 settlement by continuing to serve U.S. users. Federal authorities had raised concerns that users accessed the platform via technical workarounds such as VPNs. However, recent notifications from both agencies confirmed no further action will be taken.

This decision follows nearly nine months of scrutiny, including an FBI raid on the residence of CEO Shayne Coplan in November 2024. Authorities seized several electronic devices in search of evidence related to the platform’s U.S. activity. Despite the high-profile nature of the probe, Coplan was not charged.

Settlement History and Compliance Questions Resurface

In January 2022, the CFTC fined Polymarket $1.4 million for offering unregistered binary options to U.S. users. The platform also agreed to block access from the United States to avoid further regulatory consequences. Despite these steps, federal agencies suspected continued U.S. engagement behind the scenes.

Concerns intensified following the 2024 presidential election, when Polymarket’s trading volume spiked due to election-related wagers. Shortly afterward, the FBI raided Coplan’s Manhattan penthouse as part of the criminal probe. The incident brought renewed attention to whether the company had honored its regulatory commitments.

Federal prosecutors reviewed the data seized during the raid but ultimately found no basis for charges. The CFTC simultaneously concluded its civil review and issued a declination notice. These outcomes suggest a notable shift in enforcement priorities amid broader digital asset reforms.

New Political Environment Signals Policy Shift

The closure of the Polymarket case coincides with a broader shift in U.S. crypto policy. The new administration appears more open to digital asset innovation and market participation. Pending legislation aims to clarify rules and foster growth across decentralized finance platforms.

Polymarket may explore official registration with the CFTC to reenter the U.S. market legally. The company has already secured new funding, including backing from Founders Fund. It also recently partnered with X, signaling potential expansion and mainstream integration.

Other platforms have also benefited from the shifting landscape. In May, the CFTC dropped its appeal against KalshiEx over election betting. These developments reflect growing regulatory acceptance of prediction markets under the Trump administration.

Polymarket Eyes Growth After Regulatory Clearance

Polymarket is positioned to pursue broader growth opportunities. The platform handled $3.6 billion in trades during the last election cycle alone. Its focus on event-based markets continues to attract attention, especially in the political and financial forecasting spaces.

The company declined to issue a public statement but has remained active on social media channels. CEO Shayne Coplan recently acknowledged the end of the probe, reflecting on the past months’ challenges. His comments suggest a renewed focus on compliance and future expansion.

Though regulatory pressure has eased, future access to the U.S. market still requires formal authorization. Polymarket’s next steps may include a push for legal recognition through CFTC registration. This move would enable broader participation while aligning with ongoing reforms.

 

The post Polymarket Moves Forward After DOJ and CFTC Close Cases appeared first on CoinCentral.

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Filed under: News - @ July 15, 2025 8:27 pm