US authorities have quietly closed their investigations into prediction market Polymarket, ending a saga that included device seizures and hefty fines.
According to Bloomberg, the DOJ and CFTC recently informed Polymarket that their probes—which focused on potential US user circumvention—were concluded. The news comes after FBI agents seized CEO Shayne Coplan’s phone and electronics in late 2024.
Polymarket previously settled with the CFTC in 2022, paying $1.4 million for offering unapproved binary options. Since then, the platform has enforced stricter geoblocking to comply with U.S. regulations.
