Polymarket investigations ended by DOJ, CFTC without charges
Shayne Coplan, the founder and general manager of Polymarket, speaks during the New York Times Annual Dealbook summit in Jazz in Lincoln Center on December 04, 2024 in New York.
Michael M. Santiago | Getty Images
Two federal investigations of the online estimate betting site Polymarka A person announced to CNBC on Tuesday was closed without any accusation against the crypto currency -based market.
“Polymarket, US Department of Justice And Commodity Term Transactions Trade Commission “The person who is given anonymity to discuss the actions that are not open to public.
The company refused to comment.
POLYMARKET received official notifications at the beginning of this month and reported that the company, which was a civilian and a criminal, had been completed and that there would be no other action. Bloomberg News He first reported notifications.
The anticlimctic result of the probes is the latest example of the Trump administration initiated under the administration of Biden. Crypto companies Or online betting markets.
In May, CFTC took action to leave a federal judge’s decision to allow the estimation market. Kalshiex To accept bets in the US elections.
Although the Ministry of Justice and the CFTC were not given by the company in the beginning of 2022, Polymaret was investigating whether or not it accepted bets from the United States.
Bloomberg was made after Polymartket’s CFTC fined $ 1.4 million.
Manhattan, who conducted the criminal investigation of Polymarket, refused to comment on Tuesday. CNBC asked for a comment from CFTC.
On Monday, July 22, 2024, New York is a polymark advertisement in Brooklyn, USA.
Michael Nagle | Bloomberg | Getty Images
The closure of the probes comes about nine months after FBI agents seize a mobile phone and polymquard CEO other electronic devices Shayne Coplan During the raid on his apartment in New York. Coplan was not accused of criminal.
Last year, Polymarket made more than $ 3.6 billion for the outcome of the Presidential elections, NBC Analysis to create.
Coplan blamed the raid of President Joe Biden and his management for the investigation.
Coplan, in November, a social media site X, “the current administration is associated with political opponents after the companies that they think will want the last trench to go to the courage to go.” He said.
“Polymarket value 10 million people in this election cycle and did not harm anyone.”
Coplan thanked President Donald Trump for inviting him to a crypto summit in the White House that month.
“This manager’s commitment to cooperation with American innovators plays the American dream.”
“The future is bright,” he added.
