Polymarket, one of the leading prediction markets platforms, announced it has been granted regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC). The regulatory commission issued an Amended Order of Designation to enable Polymarket to create an intermediated trading platform.This decision paves the way for the platform’s return to the U.S. under a fully compliant and regulated structure.
This designation requires the company to meet the comprehensive set of obligations applicable to all federally regulated U.S. exchanges. The approval is a step for U.S. market accessibility. It grants Polymarket the capability to onboard customers and brokerages directly and to facilitate trading on U.S. venues.
This allows the firm to provide intermediated access, i.e., users can transact through FCMs and also use traditional financial infrastructure for custody, reporting, and other market operations. Shayne Coplan, Founder and CEO of Polymarket, emphasized the platform’s public value, said, “People rely on Polymarket because we provide clarity where there is confusion and accountability where there is ambiguity.
Samsung Electronics is bringing USDC stablecoin transfers directly into Samsung Wallet through partnerships with Coinbase,…
Atlanta Braves superstar Ronald Acuña Jr. has become the first Major League Baseball player to…
Cryptocy news outlet Cointelegraph is facing questions about its future after reports emerged that the…
Securitize has launched a new platform allowing eligible investors to trade tokenized shares of major…
Cryptocy news platform Decrypt has launched Decrypt Money Accounts, a self-custodial financial service built on…
Abstract, the Ethereum Layer 2 blockchain developed by Pudgy Penguins' parent company Igloo Inc., announced…