The United States Department of Justice and the Commodity Futures Trading Commission (CFTC) have reportedly closed their investigations on the online betting platform after several months.
According to a Bloomberg report on Tuesday, the authorities ended Polymarket investigations to investigate whether the platform receives trading from US -based users. The investigation was reported to ride after the 2024 US election, when many polymarket users greeted the outcome of the career.
The company reached a $ 1.4 million negotiating with the CFTC in 2022. In the midst of a reported investigation in November 2024, the Federal Bureau of Investigation (FBI) Take home Of Polymarket CEO Shayne Coplan, his electronic devices confiscated.
A person who is familiar with this matter confirmed the end of the cointelegraph investigation. Neither Coplan nor Polymarket did not comment on the Bloomberg report at the time of publication.
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Implementation actions involving digital assets moving under the Trump administration
The reported polymarket investigation occurred during the administration of former President Joe Biden, as many regulations and government agencies were considered non -group groups.
In contrast, under President Donald Trump, the US Securities and Exchange Commission (SEC) has Deleted multiple actions and investigations into implementation In crypto companies, including those whose executives supported his 2024 campaign. Brian Quintenz, Trump’s pick to jerk at CFTC, refused to answer the questions At a June confirmation hearing whether he would push a bipartisan regulator.
https://www.youtube.com/watch?v=GD81DFCMIH4
The House of Representative is set to vote In the three crypto bills before the August retreat, one could radically change how the SEC and CFTC manage the digital asset regulation. The Clarity Act is expected to be the priority of Republican lawmakers, even though Trump is pushing for a quick vote on the Genius Act to organize payment stablecoins.
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