CFTC Provides Temporary Relief to Polymarket Entities on Reporting Regulations

The U.S. Commodity Futures Trading Commission (CFTC) has granted temporary relief to two entities linked to the prediction platform Polymarket. The CFTC announced on Wednesday that it will not pursue enforcement actions against these firms for violations of reporting regulations related to swap data and recordkeeping, effectively allowing Polymarket to offer event contracts without adhering to certain mandates.