The Justice Department and the Commodity Futures Trading Commission have ended their investigations of online prediction betting site Polymarket without bringing any charges. The conclusion of the probes is the latest example of the Trump administration dropping actions initiated under the Biden administration against crypto companies or online betting markets. The Justice Department and CFTC had been investigating whether Polymarket was accepting bets from people in the United States Shayne Coplan, founder and chief executive of Polymarket, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images
Two federal investigations of the online prediction betting site Polymarket have been closed with no charges filed against the cryptocurrency-based marketplace, a person familiar with the matter told CNBC on Tuesday.