Polymarket gains CFTC approval to launch regulated US prediction markets
Polymarket received CFTC approval to operate as a regulated, intermediated US exchange for prediction markets.Summary
Polymarket, the largest prediction market globally, has secured an amended order from the US Commodity Futures Trading Commission (CFTC) allowing it to operate as a fully regulated, intermediated exchange within the US. This approval, facilitated by its earlier acquisition of QCX LLC and QC Clearing, enables Polymarket to onboard brokerages and users directly, utilizing futures commission merchants (FCMs) and traditional custody systems, aligning it with traditional finance infrastructure. The platform has implemented enhanced surveillance, clearing systems, and reporting capabilities to meet Designated Contract Market standards, formalizing its role as a regulated venue for trading contracts based on real-world events, while remaining under full CFTC oversight.
(Source：Crypto Briefing)