--- title: Polymarket faces new CFTC probe over US users on... description: The CFTC is again investigating whether Polymarket broke its 2022 settlement by letting US users access its offshore platform. Reuters reports the probe... canonical: https://daily.dev/posts/polymarket-faces-new-cftc-probe-over-us-users-on-offshore-platform-rstkvlzeh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Polymarket faces new CFTC probe over US users on offshore platform | daily.dev og:description: The CFTC is again investigating whether Polymarket broke its 2022 settlement by letting US users access its offshore platform. Reuters reports the probe... og:url: https://daily.dev/posts/polymarket-faces-new-cftc-probe-over-us-users-on-offshore-platform-rstkvlzeh og:image: https://api.daily.dev/og/posts/RsTkVlZEH.png og:image:alt: Polymarket faces new CFTC probe over US users on offshore platform og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Polymarket faces new CFTC probe over US users on offshore platform **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary The CFTC is again investigating whether Polymarket broke its 2022 settlement by letting US users access its offshore platform. Reuters reports the probe examines how Polymarket verifies customer locations, its US advertising, and past controls, as well as its separate US platform. Polymarket paid a $1.4m penalty in 2022 and agreed to block US users from its main market. A prior 2024 CFTC and DOJ probe closed in July 2025 without finding wrongdoing, after which Polymarket bought CFTC-licensed exchange QCEX for $112m to build its US platform. The news comes as Polymarket's valuation reached $21bn after a $1bn funding round led by Donald Trump Jr's fund. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why is the CFTC investigating Polymarket again The CFTC is examining whether Polymarket broke its 2022 settlement by allowing US users onto its offshore platform. Investigators are reviewing how Polymarket verifies customer location, its US advertising, and past controls, plus its separate US platform's signup and protection processes. Polymarket paid a $1.4m penalty in 2022 and agreed to stop offering its main market to US users. _Those tracking crypto and fintech regulatory risk follow cases like this on daily.dev._ ### Did Polymarket get fined or investigated by the CFTC before Yes, Polymarket settled with the CFTC in 2022 for $1.4m after allegedly operating illegally in the US since its 2020 launch. A separate CFTC and Justice Department investigation opened in 2024, during which FBI agents searched CEO Shayne Coplan's New York home; both agencies closed that probe in July 2025 without finding wrongdoing. _Developers and founders weighing prediction market compliance follow this history on daily.dev._ ### How did Polymarket get a licensed US platform Polymarket acquired CFTC-licensed exchange QCEX for $112m, using it as the base for its own US platform, which began rolling out late last year. This followed the July 2025 closure of a CFTC and DOJ investigation into the company. Polymarket also says it now bans VPNs and similar tools used to mask a user's location. _Anyone evaluating how crypto platforms navigate US licensing can track updates like this on daily.dev._ ## Similar posts on daily.dev - [NPR went looking for Polymarket's Panama headquarters. It's elusive](https://daily.dev/posts/npr-went-looking-for-polymarket-s-panama-headquarters-it-s-elusive-edh8jgpqa) · Hacker News · 0 upvotes · 0 comments - [Polymarket customers lose $3 million in supply-chain attack](https://daily.dev/posts/polymarket-customers-lose-3-million-in-supply-chain-attack-udeprymjt) · BleepingComputer · 0 upvotes · 0 comments - [Polymarket confirms hackers stole $3M from users after third-party vendor was compromised](https://daily.dev/posts/polymarket-confirms-hackers-stole-3m-from-users-after-third-party-vendor-was-compromised-xjgaqqwd9) · The Next Web · 0 upvotes · 0 comments - [Polymarket says hackers stole users' funds](https://daily.dev/posts/polymarket-says-hackers-stole-users-funds-t57t1dzov) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech), [#regulation](https://daily.dev/tags/regulation), [#polymarket](https://daily.dev/tags/polymarket) [View this post on daily.dev](https://daily.dev/posts/polymarket-faces-new-cftc-probe-over-us-users-on-offshore-platform-rstkvlzeh) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Polymarket faces new CFTC probe over US users on offshore platform","url":"https://daily.dev/posts/polymarket-faces-new-cftc-probe-over-us-users-on-offshore-platform-rstkvlzeh","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/polymarket-faces-new-cftc-probe-over-us-users-on-offshore-platform-rstkvlzeh"},"datePublished":"2026-10-28T10:11:20.652Z","dateModified":"2026-10-28T10:11:54.865Z","description":"The CFTC is again investigating whether Polymarket broke its 2022 settlement by letting US users access its offshore platform. 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Investigators are reviewing how Polymarket verifies customer location, its US advertising, and past controls, plus its separate US platform's signup and protection processes. Polymarket paid a $1.4m penalty in 2022 and agreed to stop offering its main market to US users. Those tracking crypto and fintech regulatory risk follow cases like this on daily.dev."}},{"@type":"Question","name":"Did Polymarket get fined or investigated by the CFTC before","acceptedAnswer":{"@type":"Answer","text":"Yes, Polymarket settled with the CFTC in 2022 for $1.4m after allegedly operating illegally in the US since its 2020 launch. A separate CFTC and Justice Department investigation opened in 2024, during which FBI agents searched CEO Shayne Coplan's New York home; both agencies closed that probe in July 2025 without finding wrongdoing. 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