Polymarket Closes DOJ, CFTC Probes Amid $1 Billion Funding Push

- DOJ and CFTC probes into Polymarket formally concluded. - Closure follows a 2022 settlement regarding unregistered binary options. On July 15, 2025, Bloomberg reported that the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) officially closed their investigations into Polymarket, a blockchain-based predictions market platform. The probes, which followed a 2022 settlement where Polymarket agreed to limit U.S. user access, investigated whether the platform allowed users to bypass these restrictions with virtual private networks (VPNs). As part of that 2022 settlement, Polymarket paid a $1.4 million fine and committed to blocking U.S. users. However, the DOJ and CFTC later launched new investigations to examine allegations that some users in the United States had evaded these restrictions through VPNs or other methods. Earlier in July, regulatory bodies reportedly notified Polymarket that their probes were closed, resolving the long-standing scrutiny the platform had faced since its original settlement. This development comes as Polymarket accelerates its growth, currently raising $200 million in a funding round that could set its valuation at nearly $1 billion. This potential milestone underlines the platform’s substantial recovery and expansion over the past three years. The conclusion of these investigations carries broader implications for the regulatory environment surrounding the crypto and blockchain industry, as Polymarket’s ongoing growth and significant trading volumes signal increasing investor confidence in prediction markets, even under heightened oversight from U.S. agencies. According to CoinMarketCap on July 15, Ethereum (ETH) was trading at $2,146 as of 12:00 UTC, reflecting a 1.8% increase in 24-hour trading volume.