The crypto betting platform could soon make an official return to the U.S.
The U.S. Department of Justice and the Commodity Futures Trading Commission have concluded their investigations into the crypto prediction market platform Polymarket, according to a report by Bloomberg.
Federal probes had focused on whether the New York–based platform continued to allow U.S. traders to place bets using virtual private networks (VPNs) or other methods to bypass corporate restrictions, following a settlement reached with the CFTC in January 2022.
The investigations intensified after the November 2024 elections, when FBI agents conducted a pre-dawn raid at the home of Polymarket CEO Shayne Coplan. The 27-year-old executive later criticized the move on social media, calling it a “last desperate attempt” to go after companies perceived as aligned with political opponents of former President Joe Biden.
The resolution of the investigations could pave the way for Polymarket to reenter the U.S. market, potentially through CFTC registration as a futures platform or via the acquisition of a licensed entity.
