The Polymket prediction market supplier is free from US investigations after the Department of Justice and the Basic Products Commerce Commission told Polymket that they had finished their investigations.
Both the DOJ and the CFTC recently notified, an individual familiar with the matter told Coindesk. Bloomberg first reported the earlier news on Tuesday.
The Department of Justice was investigating Polymarket last year, according to reports, to allow users to make bets on the site despite the fact that the Polymarket would block US merchants. Coendesk verified that at least two people based in the United States could make bets at that time.
A Polymarket spokesman said last year that a FBI raid from the house of Polymarket Shayne Coplan founder was “obvious political remuneration.” However, the spokesman did not answer a monitoring question about why the platform thought that.
The spokesmen of the DOJ, CFTC and Polymket declined to comment on Tuesday.
Political prediction markets have recently taken off in the United States, with the CFTC abandoning their efforts in May to block another platform, Kalshi, in the United States
In more general terms, the regulatory regime of the United States has changed its approach to digital assets since Donald Trump became president for a second mandate. The Bag and Securities Commission has fallen into a dozen investigations and active judicial cases against cryptographic companies, while banking regulators have relieved their scrutiny of financial services companies that wish to participate in cryptographic activities.
The Congress is also about to send a bill that governs Stablecoins to Trump’s desk to be signed. The House of Representatives is also close to advancing in a bill that would change the way in which regulators approach digital asset markets in general.
UPDATE (July 15, 2025, 17:02 UTC): Add CFTC declining to comments.
