Polymarket Wins CFTC Approval, Clearing Path To U.S. Launch

Polymarket has received final regulatory clearance to launch in the U.S., according to Bloomberg. The Commodity Futures Trading Commission granted Polymarket, which recently acquired QCX, a no-action letter exempting it from swaps data reporting and record-keeping rules. The agency did not respond to a request for further comment. Polymarket CEO Shayne Coplan said the approval gives the exchange the green light to launch in the U.S., though the company did not immediately comment further. The CFTC and Department of Justice closed investigations earlier this year into whether Polymarket allowed U.S. traders on its platform despite a 2022 consent decree. With its QCX acquisition and new approvals, Polymarket is positioned to launch in the U.S. as a CFTC-regulated exchange competing with Kalshi and Crypto.com.