The US Department of Justice dropped the prosecution of Polymarket without consequences
Date: 2025-07-16 Author: Henry Casey Categories: BUSINESS
In 2024, US authorities launched an investigation against the Polymarket forecasting platform, accusing it of illegally offering cryptocurrency options and swaps to US residents, disguising them as bets. This violated the requirements of the Commodity Futures Trading Commission (CFTC). Polymarket CEO Shayne Coplan claimed from the very beginning that the case was political in nature. According to him, the real reason for the pressure was accurate forecasts, including regarding Donald Trump's victory in the presidential election.
On July 15, Coplan announced in X that the months-long story was over. He emphasized that Polymarket actively cooperated with the investigation and achieved a complete withdrawal of all claims. "Justice has won," he added in his message.
According to information provided by Bloomberg, the closure of the case did not entail any fines or additional restrictions for Polymarket. This means that the company can continue its work without legal and financial consequences.
It is noteworthy that earlier this year, Polymarket launched a survey related to cryptocurrencies and politics. Users of the platform discussed the likelihood that the Donald Trump administration would create a government reserve of bitcoins. The total amount of bets within this forecast exceeded $3 million, which indicates a high interest of the audience in such issues.
Polymarket remains one of the most discussed projects in the field of decentralized forecasts. Despite the claims of regulators, the platform continues to develop and remains popular among users who want to make forecasts on a variety of topics - from politics to economics and technology.
The story with the closed case once again emphasizes that the interaction of crypto companies with government agencies remains complex and unpredictable. However, Polymarket's success in this dispute shows that even under pressure from large regulators, it is possible to protect your position and avoid punishment.
In the near future, Polymarket will likely continue to expand the range of forecasts and attract new users, because the interest in forecasting events using blockchain technologies remains high. It remains to be seen how the relationship between the crypto industry and the American authorities will develop in the future.
