The U.S. Department of Justice accuses Polymarket of allowing U.S. users to trade and launches an investigation into it

Odaily Planet Daily Report: According to informed sources, the U.S. Department of Justice is investigating the cryptocurrency prediction platform , accusing it of accepting transactions from U.S. users. The Federal Bureau of Investigation (FBI) has issued a search warrant for CEO and seized his phone and electronic devices. According to an agreement reached with the Commodity Futures Trading Commission (CFTC) in 2022, will prevent U.S. traders from trading on the platform. stated in a statement that the company will "stand up for ourselves and our community," and accused the FBI's search of being politically motivated, claiming that " is a completely transparent prediction market that can help ordinary people better understand the events most important to them, including elections." The company, led by , reached an enforcement settlement with the CFTC two years ago, agreeing to block U.S. users in addition to paying a $1.4 million fine. The company has recently stated that it has taken additional measures to verify and block users suspected of being U.S. citizens or residing in the U.S. (Bloomberg)