The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have officially closed their investigations into Polymarket, the blockchain-powered prediction market platform, Bloomberg first reported.

This story is an excerpt from the Unchained Daily newsletter.

Both agencies recently notified Polymarket that the criminal and civil probes, which sought to determine if the company allowed U.S. users to place bets despite a previous agreement to block Americans, have ended with no further action taken and no charges filed.

Investigations ramped up during the 2024 U.S. elections, a time when Polymarket saw significant use by bettors speculating on political outcomes. The scrutiny included an FBI raid of CEO Shayne Coplan’s residence in November 2024.

The CFTC’s concerns dated back to 2022, when Polymarket paid a $1.4 million fine and agreed to restrict U.S. traders after the CFTC found it operated as an unregistered binary options market.