The US Department of Justice accuses Polymarket of allowing US users to trade and launches an investigation into it

Odaily Planet Daily News: Insiders have revealed that the US Department of Justice is investigating cryptocurrency prediction platform Polymarket, accusing it of accepting transactions from US users. The Federal Bureau of Investigation (FBI) has issued a search warrant for Polymarket CEO Shayne Coplan and confiscated his mobile phone and electronic devices. According to the agreement reached with the Commodity Futures Trading Commission (CFTC) in 2022, Polymarket will prevent US traders from trading on the platform. Polymarket stated in a statement that the company will "stand up for ourselves and our community," and accused the FBI search of being politically motivated. "Polymarket is a fully transparent predictive marketplace that can help ordinary people better understand the events that are most important to them, including elections The company is led by Coplan and reached an enforcement settlement with the CFTC two years ago, agreeing to block American users and paying a fine of $1.4 million. The company has stated in recent weeks that it has taken additional measures to verify and block users it suspects may be US citizens or residing in the United States. (Bloomberg)