CFTC Reexamines Whether Polymarket Complied With Deal to Block US Users
Summary
- The US Commodity Futures Trading Commission (CFTC) is reexamining whether Polymarket's measures to block access by US users complied with a regulatory settlement.
- The probe includes Polymarket's geolocation-based access control system, advertising activity in the US, and customer onboarding procedures and user protection measures on its US platform.
- Polymarket agreed in 2022 to pay a $1.4 million fine and block US users after being accused of offering unregistered event contracts, and a later probe by the CFTC and the US Department of Justice (DOJ) was closed in 2025.
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The US Commodity Futures Trading Commission is reexamining whether crypto-based prediction market platform Polymarket complied with an earlier regulatory settlement requiring it to block access by US users.
Reuters, citing industry sources on October 27, reported that the CFTC is investigating whether Polymarket took sufficient steps on its offshore platform to prevent access by US users.
The probe includes Polymarket's geolocation-based access controls and its advertising activity in the US. The CFTC is also reviewing customer onboarding procedures and user protection measures on Polymarket's US platform.
Polymarket agreed in 2022 to pay a $1.4 million fine and block US users after being accused of offering unregistered event contracts.
The CFTC and the US Department of Justice also conducted a similar investigation into Polymarket in 2025. That probe has since been closed.
