NYPOST · 2026-10-27 19:57 UTC

Feds probe whether Polymarket violated 2022 deal to block US traders: report

The CFTC is investigating whether Polymarket violated its 2022 settlement agreement requiring it to block US traders from its offshore platform, examining the company's location-verification methods and US advertising activities. The probe follows Polymarket's dismissal of chief marketing officer Matthew Modabber and comes after previous CFTC and Justice Department investigations closed without charges in July 2025. Polymarket agreed to a $1.4 million fine in 2022 and has since launched a federally regulated US platform, but concerns persist about Americans using VPNs to access the offshore…

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