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Polymarket Secures CFTC Approval for US Relaunch After Regulatory Hiatus
Polymarket Secures CFTC Approval for US Relaunch After Regulatory Hiatus
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BTCCSquare news:
Prediction market platform Polymarket has received a no-action letter from the U.S. Commodity Futures Trading Commission, clearing its return to American markets after a three-year absence. The regulatory nod allows Polymarket to operate through QCX, a licensed derivatives exchange it acquired for $112 million, bypassing certain reporting requirements typically imposed on such platforms.
"This achievement has been realized in record time," said CEO Shayne Coplan, praising the CFTC's decision. The MOVE reignites debate over event contracts—viewed by critics as sports betting derivatives and by proponents as financial instruments—despite their controversial status in Europe.
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