The Trump administration has officially closed criminal and civil investigations into Polymarket. This brings a clear end to an ongoing case involving one of the world’s top online prediction markets. The crypto-based platform can finally resume operations, reflecting a shift in how the federal government is handling innovation in the betting and blockchain sectors.

According to a source close to the matter, Polymarket received declination notices from the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) earlier this month. These documents confirm that no charges will be filed, ending two separate probes into the company’s operations. The source was granted anonymity to speak on non-public matters, but the company has declined to comment.

No Charges Following Lengthy Scrutiny

Polymarket came under regulatory fire in early 2022 when the CFTC fined the platform $1.4 million for failing to register as a designated contract market for binary options. At the time, the company agreed to block U.S. users from accessing its markets. However, federal agencies continued monitoring if these restrictions were truly enforced.

In late 2024, FBI agents raided the New York City apartment of Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. Despite the search, Coplan was never charged. The closure of the case confirms that the government will take no further action against him or the company. Both the Manhattan U.S. Attorney’s Office and the CFTC declined making official comments on the decision.

A Growing Market, Despite Tensions

While under investigation, Polymarket’s platform kept growing. The company handled over $3.6 billion in bets on the 2024 U.S. presidential election, according to an NBC analysis. In 2025, wagers tied to U.S. election outcomes surged to nearly $1 billion representing a 500% spike in activity within a few months.

This growth came even as Polymarket claimed to block users from the United States. A billboard in Brooklyn promoting the platform added to speculation about its actual user base. Still, no legal proof showed the company had violated its earlier settlement agreement.

The Trump administration has decided to end the probes. Similarly, the CFTC dropped an appeal in a separate case involving KalshiEx earlier this year.

What’s To Come For Polymarket 

CEO Shayne Coplan has remained vocal through the legal process. In a 2024 post on social media, he criticised the Biden-era investigations as politically motivated. Coplan called them a “last-ditch effort” to target innovation linked to the administration’s opponents.

In March, he thanked President Trump for inviting him to a crypto summit at the White House. “This administration’s commitment to collaboration with American innovators is revitalizing the American dream,” he wrote.

As the regulatory landscape shifts, platforms like Polymarket might enjoy greater freedom to grow. With the investigations officially closed, the company begins a new chapter without charges.