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CFTC Grants Polymarket Approval to Operate Crypto Prediction Markets in the US
CFTC Grants Polymarket Approval to Operate Crypto Prediction Markets in the US
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BTCCSquare news:
The Commodity Futures Trading Commission (CFTC) has given Polymarket the green light to operate its cryptocurrency-based prediction market in the United States. The CFTC's Divisions of Market Oversight and Clearing and Risk issued a no-action letter, exempting Polymarket from certain swap data reporting and recordkeeping requirements.
Polymarket, headquartered in New York City, allows users to bet on real-world events using cryptocurrency. The platform's approval marks a significant step for regulated crypto prediction markets in the US, following similar no-action letters granted to other designated contract markets.
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