U.S. DOJ Closes Polymarket Case – $2.6B Prediction Market Eyes Imminent U.S. Return

Key Points

1. The DOJ and CFTC concluded their investigations into Polymarket without pursuing further action, though neither agency issued public comments on the case.

2. Polymarket CEO Shayne Coplan described the FBI raid on his residence as traumatic but confirmed the company was cleared of wrongdoing, emphasizing the platform's accuracy and resilience.

3. Polymarket, which recorded $2.6 billion in monthly trading volume at its peak, may explore reentering the U.S. market following the closure of the investigations.

4. The platform recently announced a partnership with Elon Musk’s X and xAI to integrate prediction markets into the social media platform, offering real-time event forecasts.

5. Despite the U.S. clearance, Polymarket faces restrictions in several countries, including France, Belgium, Thailand, Taiwan, and Singapore, often due to gambling law violations.