The U.S. Department of Justice and the Commodity Futures Trading Commission have closed their criminal and civil investigations into crypto-based prediction market Polymarket without filing charges, according to formal notices sent to the company earlier this month, Bloomberg reported. Federal prosecutors in Manhattan and the derivatives regulator had been examining whether the New York-based platform continued to accept wagers from U.S. customers after a January 2022 settlement that required Polymarket to block American users and pay a $1.4 million penalty. The probes intensified after FBI agents raided Chief Executive Officer Shayne Coplan’s apartment eight days after the 2024 presidential election, seizing electronic devices. The decision to drop the cases, both initiated late in the Biden administration, aligns with President Donald Trump’s wider push for a friendlier regulatory environment for digital-asset firms. Polymarket handled roughly $2.6 billion in election-related trades last November and is now weighing options to re-enter the U.S. market, potentially through acquiring a licensed futures exchange or registering directly with the CFTC.