CFTC Greenlights Polymarket’s US Return with Regulatory Relief

The Commodity Futures Trading Commission has paved the way for prediction market platform Polymarket to re-enter US markets through a no-action letter. The regulatory relief exempts QCX LLC and QC Clearing LLC—entities acquired by Polymarket for $112 million—from standard swap data reporting requirements for event contracts.

This marks a strategic reversal for the prediction market giant, which blocked US users in 2022 after a CFTC enforcement action. The platform has since cultivated a global user base wagering on political, entertainment, and financial outcomes while operating exclusively offshore.

The narrowly tailored exemption applies specifically to binary options and variable payout contracts processed through Polymarket's newly acquired infrastructure. Market observers view this as a calibrated approach by regulators toward innovative trading platforms—neither blanket approval nor prohibition, but measured accommodation.