The conclusion of investigations by the DOJ and CFTC signals a potential regulatory shift, allowing Polymarket to explore reentry into the U.S. market.
The U.S. DOJ and CFTC have closed investigations into Polymarket, a blockchain-based prediction market, without further action. This follows a 2022 settlement that barred U.S. access. CEO Shayne Coplan noted the scrutiny's toll, while industry figures like Coinbase's Brian Armstrong criticized the previous administration's approach. Polymarket, which peaked at $2.6 billion in trading volume, is eyeing a U.S. comeback and is in a $200 million funding round, despite facing scrutiny in other countries.