Polymarket cleared to resume U.S. operations as prediction market after CFTC green light

Prediction market platform Polymarket has been cleared to launch in the United States after receiving a regulatory nod from the Commodity Futures Trading Commission (CFTC), its chief executive said on Wednesday.

“Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing,” CEO Shayne Coplan wrote in a post on X.

The CFTC said its Division of Market Oversight and Division of Clearing and Risk had taken a “no-action position” on swap data reporting and recordkeeping regulations for event contracts, effectively paving the way for the site to operate in the country. The agency said the divisions would not recommend enforcement action against the exchange for failing to report the data.

The decision follows the end of CFTC and U.S. Department of Justice investigations into the company in July. The probes, which examined whether Polymarket had accepted bets from U.S. residents, concluded without charges.

Polymarket also announced it has closed its acquisition of derivatives exchange QCX. Coplan said the deal “marks a significant step toward expanding access to Polymarket’s category-defining platform” in the country.