Polymarket eyes return of main exchange to the US, in talks with CFTC: Bloomberg
The Block
Polymarket is reportedly negotiating with the CFTC to lift its ban on U.S. customers and integrate its global exchange back into the American market.Summary
Polymarket is engaging in discussions with the Commodity Futures Trading Commission (CFTC) to bring its primary global exchange back to the United States. Following a 2022 settlement involving a $1.4 million fine and a mandate to block U.S. users, the platform currently operates a restricted version for American users via its QCEX subsidiary. Reports suggest the company aims to merge its global blockchain-based operations with its domestic licenses, though any changes require a formal commission vote. This move occurs amidst ongoing jurisdictional tensions between the CFTC and various U.S. states regarding the regulation of prediction markets.
(Source：The Block)