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Polymarket seeks CFTC approval to reopen main exchange to U.S. traders: Bloomberg

CoinDesk
Polymarket is negotiating with the CFTC to lift its U.S. trading ban and reintroduce its main prediction platform to American users.

Summary

Polymarket is actively seeking approval from the Commodity Futures Trading Commission (CFTC) to allow U.S.-based users to access its main prediction exchange again. The platform currently restricts American traders following a 2022 settlement with the agency. If the CFTC approves, Polymarket would regain a significant competitive position in the U.S. market, currently dominated by rivals like Kalshi, while bringing its operations under federal regulatory oversight. The ongoing discussions come amid increased state-level scrutiny of prediction markets, which some regulators view as unlicensed gambling.

(Source:CoinDesk)