Polymarket Secures CFTC Approval to Operate as U.S. Crypto Exchange
Polymarket, a crypto prediction platform, has obtained regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC), marking a significant milestone for the industry. The amended order of designation permits Polymarket to operate as a fully regulated exchange, onboarding U.S. customers and brokerages while adhering to federal compliance standards.
The platform will now facilitate intermediated trading through Futures Commission Merchants (FCMs), aligning with the CFTC's framework for transparency and market maturity. CEO Shayne Coplan highlighted the achievement as a testament to Polymarket's leadership in the space, backed by the CFTC's endorsement.
With $2 billion raised at a $9 billion valuation and plans for a new funding round targeting $12 billion, Polymarket is poised for expansion. The platform also aims to introduce its native POLY token, further enhancing its ecosystem.
