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.
Thirty-nine U.S. state banking associations are joining forces to build their own nationwide blockchain network,…
StarkWare says it has successfully executed the first quantum-resistant Bitcoin transaction on the Bitcoin mainnet,…
An independent investigation into OpenAI’s recent Hugging Face security incident found something far stranger than…
The anonymous hacker behind a wave of Grand Theft Auto VI leaks appears to have…
Coinbase and Better Mortgage are making token-backed mortgages broadly available to Coinbase One members, allowing…
Grayscale has officially launched the first U.S.-listed exchange-traded product dedicated solely to Zcash, bringing the…