Federal regulators are re-examining Polymarket to determine if it broke a 2022 agreement that mandated blocking U.S. users from its offshore site.
Federal regulators have opened a fresh investigation into Polymarket to assess whether the prediction-market operator breached a settlement reached in 2022. The agreement had required the company to prevent U.S. traders from accessing its offshore platform.
According to the report, authorities are scrutinising Polymarket's compliance with the restriction that was intended to keep American participants off the site.
The investigation could affect how U.S. users access prediction markets and may result in further regulatory action against Polymarket.
The 2022 settlement required Polymarket to block American traders from its offshore platform.
Regulators are reviewing whether Polymarket violated the settlement by allowing U.S. users to trade.
Follow Briefzora
Get breaking news where you already read.
Get breaking news alerts
Be the first to know when big stories break. Only the important ones, and you can switch them off any time.
Something went wrong. Please try again.
You're in!
We'll alert you to the big stories.
Alerts are blocked
To turn them on, click the lock icon next to the address bar, allow Notifications, then reload the page.
