US EditionU.S. Prosecutors, CFTC Drop Polymarket Investigations
UNITED STATES, JUL 15 – The investigations ended after scrutiny of alleged US user wagers despite a 2022 settlement, with Polymarket reporting $2.6 billion trading volume in November, officials said.
- U.S. prosecutors and the Commodity Futures Trading Commission dropped their investigations into the crypto betting platform Polymarket in July 2025, clearing it of wrongdoing.
- The probes followed allegations that Polymarket allowed U.S.-based users to place bets despite promises to block such activity, with the investigations initiated under the Biden administration and closed under Trump.
- Federal authorities raided Polymarket CEO Shayne Coplan's New York apartment eight days after Polymarket correctly called the 2024 Presidential Election, seizing his devices during the inquiry.
- In 2022, Polymarket agreed to pay a $1.4 million fine for running an unregistered betting platform and managed over $3.6 billion in election-related wagers last year. Coplan noted that following their full cooperation, the company was found not to have committed any violations.
- The closure of investigations signals a regulatory easing amid Republican support for crypto-friendly laws, including the GENIUS Act, and Polymarket's founder praised renewed collaboration with American innovators.
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Coverage Details
Total News Sources20
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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