CFTC reportedly reopens Polymarket inquiry over US user access

What sources claim

• Bitcoin Magazine, citing Reuters, reported that the CFTC is investigating whether Polymarket broke its 2022 enforcement settlement by letting US users onto its offshore platform, reviving an inquiry closed in 2025 without charges.
• Polymarket settled with the CFTC in January 2022 and paid a $1.4 million penalty for offering event-based binary options without registration, agreeing to block American users.
• According to the sources cited by Bitcoin Magazine, investigators are examining Polymarket's location controls, its advertising inside the United States, and onboarding and customer protections on its US platform, which launched late last year.

Still unresolved

• What specific conduct or evidence the reopened CFTC inquiry is focused on, and whether it results in a formal enforcement action, would be confirmed by a CFTC statement or filing.
• Whether Polymarket's geofencing controls are found adequate for blocking US users would be established by a regulatory finding or settlement document.

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