Polymarket Receives CFTC No-Action Letter, Clearing Path for US Launch

The Commodity Futures Trading Commission (CFTC) has issued a no-action letter to Polymarket, signaling regulatory tolerance for the event contract platform's operations in the US. The decision, jointly announced by the CFTC's Division of Market Oversight and Division of Clearing and Risk, relieves Polymarket from enforcement actions related to swap data reporting and recordkeeping requirements.

Polymarket founder Shayne Coplan hailed the MOVE as a "green light" for the platform's US expansion. In a tweet, Coplan expressed gratitude to the CFTC while hinting at imminent announcements. The regulatory clarity comes after Polymarket US sought explicit guidance on compliance matters.

The no-action position represents a significant milestone for prediction markets in the US regulatory landscape. While not an explicit endorsement, the CFTC's stance creates operational space for innovative financial products that fall outside traditional derivatives frameworks.