The probe centered on whether the site permitted trading activity from U.S. residents in violation of federal regulations.

Interest in Polymarket surged following the 2024 U.S. elections, when a wave of users placed bets on electoral outcomes. This spike reportedly triggered closer attention from regulators.

The investigations followed an earlier enforcement action in 2022, when the CFTC fined Polymarket $1.4 million for operating unregistered markets. In a more dramatic turn last November, the FBI raided the home of CEO Shayne Coplan and seized electronic equipment, further fueling speculation around the company’s legal standing.

Now, according to sources familiar with the matter cited by Cointelegraph, the inquiries have been quietly closed without further charges or penalties. Neither Coplan nor Polymarket has commented publicly on the report.

The post Polymarket Investigations by U.S. Authorities Officially Closed appeared first on Coindoo.

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Filed under: Bitcoin - @ July 15, 2025 8:01 pm