CFTC probes Polymarket again over 2022 US ban deal
A previous CFTC & Department of Justice inquiry into Polymarket closed with no charges filed.
The hit
The CFTC is reportedly investigating Polymarket again, this time over whether it kept its 2022 settlement promise to block American users, according to a tweet by @WuBlockchain. The probe reportedly examines Polymarket’s geolocation controls & its US advertising practices.
Why it matters
Polymarket operates offshore under a 2022 settlement meant to keep US users off its platform. A fresh compliance probe keeps that arrangement under scrutiny. For bettors & traders, it raises the stakes around what happens if the regulator finds Polymarket’s access controls lacking.
The record
| Settlement year | 2022 (CFTC) |
|---|---|
| Prior CFTC & DOJ inquiry | Closed without charges |
| Comment | Declined by both Polymarket & the CFTC |
What happens next
Watch for any CFTC statement or enforcement action confirming the scope of the new probe, & whether it leads to sanctions or operational restrictions for Polymarket.
Sources: Exclusive-US agency is again probing if Polymarket broke 2022 settlement, sources says
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