Polymarket Gains CFTC Approval for U.S. Regulated Exchange Operations

New updates have been reported about Polymarket (PC:POLYM)

Polymarket, a leading prediction market platform, has secured approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a fully regulated exchange in the United States. This development allows Polymarket to facilitate intermediated trading by onboarding brokerages and customers directly, leveraging traditional market infrastructure. The approval marks a significant step for Polymarket, enabling it to introduce intermediated access through Futures Commission Merchants (FCMs) and enhance its market operations with robust surveillance systems, market supervision policies, and regulatory reporting capabilities.

Shayne Coplan, Founder and CEO of Polymarket, expressed gratitude for the CFTC’s constructive engagement, emphasizing the platform’s commitment to transparency and regulatory compliance. With this amended order, Polymarket is poised to strengthen its position in the U.S. market, adhering to the Commodity Exchange Act and CFTC regulations governing Designated Contract Markets. As Polymarket prepares for its official launch under this new framework, it will implement additional rules and processes to ensure compliance and operational efficiency. This strategic move not only aligns Polymarket with U.S. regulatory standards but also enhances its ability to provide reliable market predictions across various sectors, including politics, current events, and pop culture.