CFTC Grants Polymarket Regulatory Approval for US Relaunch

The Commodity Futures Trading Commission has cleared prediction market platform Polymarket to resume U.S. operations through a no-action letter issued to QCX LLC. The regulatory relief exempts the platform from swap data reporting requirements for event contracts, mirroring accommodations granted to other designated markets.

Polymarket CEO Shayne Coplan hailed the decision as a milestone, noting the approval process was completed with unprecedented speed. The platform plans to relaunch stateside imminently, marking a reversal from its 2022 exit following a $1.4 million settlement over unregistered derivatives trading.

The approval leverages QCX's partnership structure to maintain compliance with derivatives regulations. This development signals growing regulatory accommodation for innovative crypto market structures while maintaining oversight safeguards.