Polymarket Secures CFTC Approval for U.S. Operations Through No-Action Letter

Polymarket, the $2.6 billion prediction market platform, has received a critical regulatory nod from the U.S. Commodity Futures Trading Commission (CFTC). A no-action letter grants the company permission to operate event contracts in the U.S., marking a pivotal moment for its expansion strategy.

CEO Shayne Coplan announced the milestone on social media, praising the CFTC for its expedited review process. The approval follows a series of strategic moves, including a $112 million acquisition and high-profile board appointments, positioning Polymarket for rapid growth in the American market.

The CFTC's relief specifically applies to QCX LLC and QC Clearing LLC, entities acquired by Polymarket earlier this year. This regulatory breakthrough allows the platform to reintroduce compliant contracts to U.S. users after a forced withdrawal in 2022 due to enforcement actions.