Investigators later examined whether American users continued to wager through virtual private networks.
Coplan denounced the search as an overreach tied to the outgoing Biden team’s stance on digital asset companies.
The decision to close the probes aligns with a broader policy shift.
According to the report, the White House has also tapped venture capital executive and former CFTC Commissioner Brian Quintenz to return and lead the derivatives regulator, signaling a friendlier approach to oversight for prediction markets.
With the investigations resolved, the report highlighted that Polymarket can now explore formal re-entry into the US.
Options include applying to operate as a designated contract market or acquiring an entity that already holds a CFTC license.
The firm has recently announced a partnership with X and xAI to deliver on-platform event forecasts, moves that could support expansion under a compliant framework.
Polymarket originally agreed to pay $1.4 million and delist three markets to settle the 2022 CFTC action.
Company engineers then installed geofencing tools, although regulators questioned whether US traders were still accessing its site.
The closure letters indicate that investigators found no evidence of breaches of previous obligations, clearing a significant hurdle before any licensing application.
For now, Polymarket’s clearance removes immediate legal risk while lawmakers discuss new rules.
