Polymarket has been given the ‘inexperienced gentle’ by the CFTC, as introduced by the prediction market’s CEO on social media.
In a notice shared on September 3, the Commodity Futures Buying and selling Fee (CFTC) confirmed that it had taken “a no-action place concerning swap knowledge reporting and recordkeeping rules for occasion contracts”.
“The divisions is not going to suggest the CFTC provoke an enforcement motion towards both entity or their contributors for failure to adjust to sure swap-related recordkeeping necessities and for failure to report back to swap knowledge repositories knowledge related to binary possibility transactions and variable payout contract transactions executed on or topic to the principles of QCX LLC and cleared by means of QC Clearing LLC, topic to the phrases of the no-action letter,” concluded the assertion.
CEO Shayne Coplan took to X to have a good time Polymarket returning to the US, writing: “Polymarket has been given the inexperienced gentle to go stay within the USA by the CFTC. Credit score to the Fee and Workers for his or her spectacular work. This course of has been achieved in document timing. Keep tuned.”
Polymarket has been given the inexperienced gentle to go stay within the USA by the @CFTC.
Credit score to the Fee and Workers for his or her spectacular work. This course of has been achieved in document timing.
Keep tuned https://t.co/NVziTixpqO
— Shayne Coplan
(@shayne_coplan) September 3, 2025
Polymarket’s place within the US
The CFTC and the Justice Division ceased their investigations of whether or not Polymarket was accepting bets from US-based people in July and didn’t file any costs towards the corporate. This occurred towards the background of prediction markets usually dealing with strain from the general public and authorities, significantly round their activity in states where sports betting is illegal.
Polymarket then introduced that it had closed its acquisition of QCX, with Coplan stating that this was “a major step” towards establishing Polymarket within the US.
Simply final week, Donald Trump Jr. joined Polymarket’s advisory board and injected a hefty monetary funding by way of 1789 Capital, the funding agency of which he’s a companion. This was one more sign of Polymarket’s deal with the US.
Featured picture: Polymarket
The put up CFTC gives Polymarket the ‘green light’ to return to the US appeared first on ReadWrite.
