POLYMARKET INVESTIGATIONS END WITHOUT CHARGES

Summary from the TLDR Crypto newsletter

Both the DOJ and the CFTC have formally declined to bring charges against Polymarket after civil and criminal probes into alleged acceptance of US bets, despite a 2022 CFTC settlement and $1.4 million fine requiring the platform to block US users. The investigations – one criminal led by the Manhattan U.S. Attorney's Office and one civil by the CFTC – followed an April raid on CEO Shayne Coplan's apartment but concluded with declination notices this month. Polymarket's handling of over $3.6 billion in presidential-election wagers underscored regulators' initial focus on market scale and cross-border compliance.