CFTC opens new probe into Polymarket over US users

The CFTC is investigating whether Polymarket violated its 2022 settlement by letting US users onto its offshore platform. Regulators are examining location checks, US advertising and the company's separate US exchange, which Polymarket bought for $112m.

• Polymarket paid a $1.4m penalty in 2022 and barred US users from its main market
• The CFTC is reviewing geolocation checks, US ads and past controls
• 2024 probes by the CFTC and DOJ closed without charges
• Polymarket bought CFTC-licensed QCEX for $112m in July 2025