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Polymarket Secures CFTC Approval for U.S. Return After Three-Year Ban
Polymarket Secures CFTC Approval for U.S. Return After Three-Year Ban
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BTCCSquare news:
Polymarket has cleared a major regulatory hurdle with a no-action letter from the CFTC, paving the way for its return to the U.S. market. The predictions platform acquired QCX LLC and QC Clearing LLC for $112 million in July, obtaining the licensed infrastructure needed for legal operation.
The CFTC's decision specifically relieves QCX and QC Clearing from certain swap data reporting requirements for event contracts. While no official relaunch date has been set, the regulatory green light and strategic acquisitions signal Polymarket's imminent comeback in the U.S. derivatives market.
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