DOJ and CFTC end Polymarket inquiries and revise PredictIt agreement
The DOJ and CFTC have dropped inquiries into Polymarket over potential violations involving US users, according to the report. PredictIt said it reached a revised agreement with the CFTC, removing its 5,000-trader limit and raising the individual position cap to $3,500 from $850. The agreement also allows PredictIt to expand its markets.
The changes affect regulatory conditions and trading limits for US prediction-market operators.