The closure of federal investigations into Polymarket marks a pivotal moment for prediction markets as the platform aims to re-enter the U.S. market under new regulations.
The U.S. Department of Justice and Commodity Futures Trading Commission have concluded their investigation into Polymarket, allowing the platform to potentially re-enter the U.S. market if it registers as a futures exchange. In June, Polymarket reported a trading volume of $1.16 billion, a 9.4% increase from the previous month, despite a decline in active traders.