DOJ and CFTC Terminate Polymarket Investigations: Bloomberg

Key Points

1. The U.S. Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) formally notified Polymarket that investigations into its operations have been terminated.

2. Polymarket had allowed U.S.-based users to place crypto asset wagers via technical workarounds like VPNs, potentially violating a 2022 settlement requiring it to block U.S. traders.

3. The resolutions coincide with broader regulatory efforts during what some industry advocates call 'Crypto Week.'

4. Polymarket recently secured funding led by Peter Thiel’s Founders Fund and explored official U.S. re-entry options such as CFTC registration.