Trump’s Crypto Boom: DOJ and CFTC Abandon Polymarket Crackdown in Watershed Moment

Regulators fold as prediction markets score a win—just don't call it a surrender.

The hammer drops... softly. In a move that'll have TradFi lawyers grinding their teeth, US watchdogs quietly shelved their case against Polymarket. No fines. No shutdowns. Just the sound of bureaucratic retreat echoing through Mar-a-Lago's crypto-friendly halls.

Prediction markets dodged a bullet. While the SEC keeps playing whack-a-mole with crypto projects, the Commodity Futures Trading Commission just loaded the dice for decentralized betting platforms. Polymarket's native token pumped 18% on the news—because nothing says 'regulatory clarity' like a green candle.

Wall Street's compliance departments are now reverse-engineering the decision. Was it the Trump administration's light-touch approach? The CFTC's fear of losing another crypto court battle? Or just regulators finally realizing prediction markets have better accuracy than most equity analysts?

One thing's certain: when the history of crypto's mainstreaming gets written, this quiet Friday news dump will deserve its own chapter. Now if you'll excuse us, we've got some 'not gambling' to do on the midterm elections.