U.S. agency is again probing if Polymarket broke 2022 settlement, sources say

What happened: The Commodity Futures Trading Commission is investigating whether Polymarket violated a 2022 enforcement deal in which it promised to ban U.S. users from its main overseas platform, per two people familiar with the matter. Why it matters: The inquiry revives a probe the agency closed last year without bringing charges. Scrutiny focuses on Polymarket's past controls and processes, including how it determines customer location and its U.S. advertising. Coverage: 3 outlets in 24h

The Commodity Futures Trading Commission is investigating whether Polymarket violated a 2022 enforcement deal in which it promised to ban U.S. users from its main overseas platform, per two people familiar with the matter.

The inquiry revives a probe the agency closed last year without bringing charges. Scrutiny focuses on Polymarket's past controls and processes, including how it determines customer location and its U.S. advertising.