CFTC grants Polymarket green light for US return through regulatory approval

The Commodity Futures Trading Commission (CFTC) granted regulatory approval for prediction market platform Polymarket to resume US operations through a no-action letter issued to QCX LLC on Sept. 3.

The CFTC’s Division of Market Oversight and the Division of Clearing and Risk announced that they will not pursue enforcement action against QCX LLC or QC Clearing LLC regarding swap data reporting and record-keeping requirements for event contracts.

Regulatory greenlight

The letter applies only to narrow circumstances and mirrors similar regulatory relief granted to other designated contract markets.

The approval enables Polymarket to operate event contracts while maintaining compliance with federal derivatives regulations through its QCX partnership structure.

Polymarket CEO Shayne Coplan celebrated the development on social media, crediting the Commission for “impressive work” and noting the process was completed in “record timing.”

Coplan...

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