Polymarket Relaunches in U.S. With CFTC Approval After Three-Year Absence

Polymarket, the crypto prediction platform, has secured regulatory clearance from the U.S. Commodity Futures Trading Commission (CFTC), paving the way for its return to the American market. The CFTC issued a no-action letter to QCX LLC and QC Clearing LLC—entities acquired by Polymarket earlier this year—granting temporary relief from certain swap reporting requirements for event contracts like binary options.

The MOVE marks a strategic reversal for Polymarket, which had been effectively barred from U.S. operations since 2022. While the relief doesn’t exempt the platform from broader compliance obligations, it removes a critical barrier to offering derivatives-linked prediction markets domestically.

Industry observers note the decision signals growing regulatory accommodation for crypto-adjacent financial products, provided they operate within defined parameters. Polymarket’s relaunch could reignite competition in the event contract space, traditionally dominated by offshore platforms.