DOJ and CFTC don stop Polymarket investigation before $200M fundraise
U.S. Department of Justice (DOJ) an Commodity Futures Trading Commission (CFTC) don officially don close all di probe dem wey dem dey do for Polymarket. Regulators don end investigation dem wey concern alleged unauthorized US trading an di $1.4 million settlement wey happen for 2022. Di probes dem increase after FBI raid CEO Shayne Coplan house afta di 2024 US election wagers. Wit di legal inquiry dem don drop, Polymarket don get important regulatory clarity. Dis one mean say dem fit move ahead wit di planned $200 million funding round. Traders fit expect say legal risk go reduce an market confidence go improve. Di move dey align wit di general easing for crypto regulation and e show positive momentum for prediction markets.
Bullish
Di close wey DOJ and CFTC investigation dem get don remove big regulatory wahala wey Polymarket dey face. For short term, traders go dey confident as legal risk don reduce and compliance standard don clear well well. Di platform wey dem plan to raise $200 million dey show say investors dey support am and growth dey possible. For long term, dis regulatory clarity fit bring more people and money enter prediction markets. Plus, di way e align with broader crypto easing dey make market feeling better, so di overall impact na bullish.