You Won’t Believe What Happened to Polymarket – A Twist in the Crypto Tale! 🤯
Bloomberg reports—oh, bless their heart—that the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have formally thrown in the towel this month, notifying Polymarket that their prying eyes have turned elsewhere. The investigations, which got hotter than a pepper sprout towards the end of the Biden administration, were on the lookout for whether Polymarket was allowing good ol’ American folks to gamble with crypto assets by way of technical sleight of hand like VPNs. All this, potentially violating a 2022 settlement that instructed them to keep U.S. traders out like a bouncer at an exclusive club.