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Polymarket Receives CFTC Approval, Set to Return to the U.S. Market
By: theblockbeats.news|2025/09/04 08:22:30
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BlockBeats News, September 4th, according to The Information report, the world's largest prediction market Polymarket has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to soon re-enter the U.S. market, as announced by its CEO and founder Shayne Coplan in a tweet on Wednesday. The platform, founded in 2020, was previously accused by the CFTC of operating an unregistered derivatives market, and in 2022 reached a settlement with U.S. users and ceased operations.
On Wednesday, the CFTC issued a "no-action letter" to Polymarket regarding the U.S.-registered exchange and clearinghouse QCEX, which Polymarket acquired for $112 million in July this year, allowing it to offer prediction market services for events such as elections, while also granting relief from certain recordkeeping requirements. Polymarket did not disclose a specific timeline for its return.
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