Bitcoin And Crypto Prediction Platform Polymarket Rolls Out US App Today After CFTC Approval
Polymarket launched its U.S. app following CFTC approval, lifting nearly four years of restrictions for American users.Summary
Crypto prediction market platform Polymarket has officially launched a U.S.-focused application after receiving approval from the Commodity Futures Trading Commission (CFTC), ending nearly four years of restrictions for American users. The app is initially available on the App Store for sports betting, with plans to expand to other wagers. Polymarket achieved this compliance by acquiring the already-registered exchange QCEX for $112 million in July, bypassing a lengthy registration process and securing a no-action letter from the CFTC in September. The platform now operates as an intermediated trading platform under full federal rules, implementing enhanced surveillance and reporting systems. Polymarket recently added support for direct bitcoin deposits and is reportedly attracting significant investor interest, with reports suggesting Intercontinental Exchange (ICE) is considering a $2 billion investment.
(Source：Bitcoin Magazine)