Polymarket Receives Approval From CFTC For Official U.S. Return

Polymarket, the world's largest crypto-based prediction market, announced it received an Amended Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC). This approval allows Polymarket to operate an intermediated trading platform under full federal rules, enabling it to onboard brokerages and customers directly through futures commission merchants (FCMs) and access traditional custody and market infrastructure. Polymarket CEO Shayne Coplan stated the approval allows them to operate with the transparency required by the U.S. regulatory framework. The platform has upgraded its systems to comply with the new order, including enhanced surveillance and regulatory reporting. Polymarket had previously been barred in 2022 for operating an unregistered derivatives exchange but returned to the U.S. market after acquiring the CFTC-licensed exchange and clearinghouse, QCX. Additionally, the company recently added support for direct bitcoin deposits and is reportedly being considered for a $2 billion investment by Intercontinental Exchange (ICE), which could value the platform between $8 billion and $10 billion.

(Source：Bitcoin Magazine)