The legal challenges of polymarket are resolved when the Ministry of Justice closes the investigation star-news.press/wp
The US Department of Justice (doj) and the CFTC futures trading committee concluded its investigations into Polymarket, the encryption renewal platform.
This decision comes at a time when the Trump administration is seeking to stimulate support for the digital asset industry, which is a remarkable axis of the organizational approach that was followed during President Biden’s period.
Investigations at the FBI at the ends of Polymarket
According to Bloomberg a reportPolymarket received an official notice earlier this month that the investigations had been completed. These investigations have risen during the last days of the Biden administration, focusing on whether the platform allows users in the United States to put bets in violation of a previous settlement with federal organizers.
The platform gained a major traction during the mid -term elections, and attracted users who are eager to bet on various political results. Investigations took a dramatic turning point after the November elections, and reached its climax in the pre -dawn raid by the FBI agents in Soho Penthaus Shane Koblan, CEO of Polymarkket.
Coblen described the actions of the FBI as an “another effort” to target companies related to President Biden Politics. His publications on social media reflected the broader feelings within the encryption community, which considered Trump a supportive figure that would reduce the regulatory burden on digital asset companies.
Since the Biden administration’s position on encryption companies has been scrutinized, Washington is currently celebrating the so -called “encryption week”, a time when Congress is preparing to approve important legislation targeting digital assets.
This legislative momentum led by President Trump’s efforts had already a positive impact on the cryptocurrency market, as he was leading Bitcoin (BTC) to new record levels exceeding $ 123,000.
Registration of potential future contracts
According to the report, the Polymark Solution can open the doors for the platform to re -enter the American market more formally. Bloomberg reports that there is a possibility for the betting -registration system for CFTC books for future contracts or partnership with an existing entity with CFTC license.
The platform previously faced its audit of its commercial practices, especially after the January 2022 settlement with CFTC, which required it to prevent American traders from accessing its services.
Moreover, Brian Quintns, CEO of A16Z, an investment capital that focuses on digital assets, was nominated to lead CFTC. The Quintenz background includes the service on the Kalshi Board of Directors, a competitor to polymarket, which adds another layer of attention with the development of the organizational scene.
Polymarket is actively preparing for its future, securing investment from the Peter Thiel Fund and recently announced a partnership with Elon Musk’s X and Xai to provide the event’s expectations on the social media platform.
These moves indicate that polymarkket places itself back to the American market, which is likely to reshape the intersection of digital assets and prediction markets.
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2025-07-16 11:00:00
