US EditionPolymarket CEO Says Crypto-Based Prediction Platform Ready To Enter US After CFTC Approval: 'Stay Tuned'
The Commodity Futures Trading Commission granted Polymarket a no-action letter to bypass certain swap data rules, enabling its return to US operations amid a 44% increase in new markets in July.
- On Wednesday, the CFTC’s Divisions of Market Oversight and Clearing and Risk took a no-action position allowing Polymarket to operate QCX in the U.S.
- Polymarket previously abandoned its U.S. business under regulator direction in 2022 and faced federal investigations that ended without charges in July.
- Founded in 2020 and headquartered in Manhattan, Polymarket finalized the purchase of derivatives exchange QCX as part of its effort to resume operations in the U.S. market.
- CEO Shayne Coplan described the approval as an important milestone for increasing availability of Polymarket’s leading platform and praised the Commission’s outstanding efforts.
- The no-action letter exempts Polymarket from certain swap data reporting and recordkeeping rules, paving the way for its U.S. launch and anticipated growth.
30 Articles
30 Articles
Polymarket Gets Greenlight for U.S. Return
Polymarket CEO Shayne Coplan said the firm “has been given the green light to go live in the USA” by the U.S. Commodity and Futures Trading Commission (CFTC). “Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing,” Coplan said in an X post on Wednesday. This story is an excerpt from the Unchained Daily newsletter. To get these updates in your email for free, subscribe here. The CFTC …
Polymarket CEO Says Crypto-Based Prediction Platform Ready To Enter US After CFTC Approval: 'Stay Tuned'
Shayne Coplan, founder and CEO of decentralized prediction platform Polymarket, said Wednesday that the Commodity Futures Trading Commission has approved the platform’s operation in the U.S. Polymarket Cleared For US Comeback Coplan confirmed the development in an X post, praising the agency for their “impressive” work and mentioning that the process was completed in “record” time. The CFTC said it took a “no-action position” on swap data report…
U.S. CFTC Gives Go-Ahead For Polymarket's New Exchange, QCX
The U.S. Commodity Futures Trading Commission has freed up prediction market firm Polymarket's QCX acquisition from certain disclosure and data requirements as the company moves forward in its U.S. business offerings. QCX, which got its license to start operations in July before it was snatched up later that month by Polymarket, has been granted a "no-action letter" from the CFTC, allowing it to operate in specifically defined ways without drawi…
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