★ Government Action
DOJ drops Polymarket probe, clearing path for US reentry
Betting Goes LegalDonors, Cases DroppedEasing Up on Crypto
Filed July 2025
★ The Brief
What happened
DOJ closed the investigation without charges. The probe began with a November 2024 FBI raid on CEO Shayne Coplan's home, over alleged violations of a 2022 CFTC settlement barring Polymarket from U.S. bets.
Who enabled it
Who benefits
Deal or steal?
Within weeks of the closure, Trump Jr.'s firm 1789 Capital invested in Polymarket and placed him on its advisory board. Trump's own Truth Social later launched a competing prediction market.
★ Cast your vote
In July 2025, Bloomberg reported that the US Department of Justice ended its investigation into Polymarket — a crypto prediction market — without bringing any charges. The probe had been opened in November 2024 when the FBI raided the home of Polymarket CEO Shayne Coplan over alleged violations of a 2022 CFTC settlement that barred the platform from accepting US bets. The closure of the investigation cleared the way for Polymarket to return to the US market. The Trump administration has broadly instructed prosecutors to deprioritize certain crypto-related enforcement actions.
Further reading
- ★ Government ActionJuly 2025Trump's commodities regulator closes Polymarket betting probe
- ★ Government ActionMarch 2025Polymarket CEO attends Trump White House crypto summit while under federal investigation
- ★ Government ActionOctober 2025Trump DOJ drops Roger Ver tax case for $49.9M, no guilty plea
- ★ Private ActionAugust 20251789 Capital invests in Polymarket, places partner Trump Jr. on board
- ★ Government ActionJune 2026Trump DOJ drops Abbott baby-formula criminal probe for civil deal
- ★ Government ActionJune 2026Trump's DOJ closes Paramount-Warner probe before staff could object