Two federal investigations into the online prediction betting site Polymarket have concluded without any charges being filed, as confirmed by a source familiar with the matter. The investigations, conducted by the U.S. Justice Department and the Commodity Futures Trading Commission, looked into whether Polymarket was accepting bets from U.S. residents despite previous assurances not to do so. Polymarket's CEO, Shayne Coplan, has criticized the prior administration's actions against the company but has expressed gratitude towards the current administration for its support of crypto innovation.

Polymarket achieved an all-time high in new market creation during April, despite a decrease in overall betting volume compared to earlier in the year. The surge in new markets is attributed to global geopolitical events and a shift towards a more concentrated user base among market creators.