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Coinbase CEO slams DOJ probe of Polymarket, calls it politically motivated

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Coinbase CEO Brian Armstrong slams DOJ probe of Polymarket , calls it politically motivated.

Armstrong suggested that the DOJ 's actions could strengthen Polymarket ’s influence.

Polymarket is said to have violated the terms of its earlier settlements with U.S. regulators by permitting US -based users to place bets.

The company paid a $1.4M penalty for compliance issues but latest findings suggest that US users might still be using the platform.

French authorities are considering banning Polymarket due to unlicensed gambling services.