Polymarket just dodged two bullets like they were hosting a rally in Butler, Pennsylvania. What… too soon?
The Justice Department and Commodity Futures Trading Commission have quietly shut down their investigations into the crypto predictions platform, according to a source close to the exchange.
With Congress in full “Crypto Week” mode and
Bitcoin
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pushing all-time highs, enforcement pressure is melting. Don’t be surprised if Polymarket makes a comeback and is even allowed into the US. Meanwhile, a new crypto presale is doing gangbusters in July, which we’ll get into below.
We Almost Got a Polymarket Ban Before GTA VI
Polymarket had faced intense federal scrutiny after its trading volume surged during the 2024 election cycle. US-based users allegedly continued betting on political outcomes despite a 2022 settlement with the CFTC that required the platform to block US access.
The situation escalated just a week after the November elections, when FBI agents conducted a Democrat-led, politically motivated raid on the Manhattan apartment of Polymarket CEO Shayne Coplan.
new phone, who dis?
— Shayne Coplan 🦅 (@shayne_coplan) November 13, 2024
In the days following, Coplan accused federal agents of targeting the platform for political reasons, calling the raid a “last-ditch effort” by Biden-era regulators. With Bitcoin touching ATHs and crypto regulation heading in a positive direction it seems he wasn’t wrong.
Regulatory Pathways Now Opening for Crypto Forecasting
Now that the legal fog is lifting for crypto gambling, Polymarket has options to get licensed as a DCM or acquire someone who already is. The CFTC’s new leadership under Brian Quintenz—an a16z insider with history at Kalshi— also doesn’t hurt.
Polymarket itself is scaling fast having pushed $2.6 billion in trades last November and just launched a partnership with Musk’s X and xAI, embedding live forecasts into the internet’s bloodstream.
Crypto Week Standout: Bitcoin Hyper Is The Best New Memecoin With Utility
Crypto Week isn’t just for Bitcoin and blue chips. Memecoins, altcoins, and anything with a half-decent narrative are already catching tailwinds; this is also what makes this latest crypto presale so good!
Bitcoin Hyper offers speed, low fees, and actual usability through a Layer 2 system now in presale. Early investors have already committed over $3 million with $HYPER tokens priced at $0.01225.
The HYPER presale is entering its final stretch at the current price. Just hours remain before the $0.01225 tag gets bumped up. To lock in this tier, head to the Bitcoin Hyper site, which has payment options via ETH, USDT, BNB, or card.
HYPER is already spotlighted inside Best Wallet’s ‘Upcoming Tokens’ tab, offering a simplified way to buy and manage tokens. There’s also a 320% APY staking option for those who’d rather stack rewards while the ICO winds down.
For updates and chaos, the HYPER crowd is live on Telegram and X.
Join the Utility Wave with BTC Hyper Now
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Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- After winning another lawsuit, don’t be surprised if Polymarket makes a comeback and is even allowed into the US.
- Bitcoin Hyper offers speed, low fees, and actual usability through a Layer 2 system now in presale.
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