CFTC Reopens Review of Polymarket’s Compliance With US User Blockade Settlement
Summary
- The US Commodity Futures Trading Commission (CFTC) is re-examining whether crypto-based prediction market platform Polymarket complied with its agreement to block access for US users.
- Reuters reported that the CFTC is also reviewing Polymarket’s geolocation-based access controls on its offshore platform, its US advertising activities, and customer sign-up and user-protection measures on its US platform.
- Polymarket agreed in 2022 to pay a $1.4 million fine and block access for US users over allegations that it offered unregistered event contracts, and a similar investigation conducted by the CFTC and the US Department of Justice (DOJ) in 2025 was later closed.
The US Commodity Futures Trading Commission is re-examining whether crypto-based prediction market platform Polymarket complied with an earlier settlement requiring it to block access by US users.
Reuters, citing industry sources, reported on October 27 that the CFTC is investigating whether Polymarket took sufficient steps on its offshore platform to prevent US users from gaining access.
The review covers Polymarket’s geolocation-based access controls and its advertising activities in the US. The CFTC is also examining customer sign-up 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 regulators alleged it had offered unregistered event contracts.
The CFTC and the US Department of Justice also conducted a similar investigation into Polymarket in 2025, and that inquiry has since been closed.
JH Kim
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