US regulators are again investigating whether Polymarket violated a 2022 settlement agreement.

BlockBeats news, October 28 — According to Reuters, citing two people familiar with the matter, the U.S. Commodity Futures Trading Commission (CFTC) is again investigating whether Polymarket violated its 2022 settlement agreement, focusing on whether it took sufficient measures to prevent U.S. users from accessing its main offshore platform. The agency ended a similar investigation in 2025 without bringing charges.

This review is part of a broader investigation the CFTC launched earlier this year into Polymarket's controls for determining customer location and its advertising activities in the United States. One person familiar with the matter said the review focuses on the company's past controls and processes. The CFTC is also reviewing the customer onboarding process and customer protection measures for its U.S. platform.

Under the 2022 settlement agreement, Polymarket agreed to stop providing services to U.S. users. In 2024, the CFTC and the U.S. Department of Justice each opened related investigations, and the FBI searched CEO Shayne Coplan's New York residence in November of that year. In July 2025, Coplan announced that both investigations had ended. After that, the company acquired a CFTC-licensed derivatives exchange and began gradually rolling out its U.S. platform late that year.

Polymarket has previously said it has improved controls, explicitly prohibiting users from using tools such as VPNs to bypass geographic restrictions, and has mechanisms to monitor misconduct and block restricted users from accessing its offshore platform. In April this year, U.S. prosecutors accused a military service member of using inside information to bet on its offshore platform and make a $400,000 profit; the indictment said he used a VPN to bypass restrictions. The defendant denied the charges, and Polymarket said at the time that it had referred the matter to the authorities.