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