Polymarket Gets Green Light to Re-Launch in US After CFTC Nod

The crypto-based prediction platform Polymarket has secured a regulatory green light to resume operations within the United States. The Commodity Futures Trading Commission (CFTC) issued a no-action letter regarding swap data reporting and recordkeeping requirements, paving the way for Polymarket’s re-entry into the US market. This relief specifically applies to event contracts cleared through QCX LLC and QC Clearing LLC, both of which were acquired by Polymarket in July following its $112 million purchase of the derivatives exchange QCEX.