The US Department of Justice has concluded its investigation into the prediction platform Polymarket, as reported by Bloomberg, citing a knowledgeable source.
According to the insider, the prediction market received official notification from the Department of Justice and the US Commodity Futures Trading Commission (CFTC) about the closure of the cases in early July.
Shayne Coplan, CEO of the betting platform, confirmed the information.
8 months ago, on election night, we were on top of the world after Polymarket called the election.
8 days later, the FBI broke down my door at 6am and took all my computers and phones, looking for anything that could imply foul play.
While traumatic, it etched the story of… pic.twitter.com/EOfJQTCzMY
— Shayne Coplan 🦅 (@shayne_coplan) July 15, 2025
Polymarket will be able to resume operations in the United States.
The CFTC initiated an investigation into the platform at the end of 2021, accusing it of illegally offering swaps and binary options to American clients.
In January 2022, Polymarket settled the dispute by paying a $1.4 million fine.
In 2024, the prediction platform attracted the interest of the FBI. On November 12, agents searched Coplan’s apartment and seized his electronic devices.
Since Donald Trump won the presidential election, regulators, particularly the CFTC, have ceased several investigations into crypto companies.
Earlier in May, the Commodity Futures Trading Commission withdrew its appeal in a dispute with the prediction platform Kalshi.