The U.S. Commodity Futures Trading Commission (CFTC) has granted Polymarket a “no-action” letter, waiving certain reporting and data retention requirements for its event contracts. The decision applies to QCX LLC and QC Clearing LLC, two entities Polymarket acquired for $112 million to comply with regulations and re-enter the U.S. market.
Polymarket was previously forced to block US users in 2022 after settling with the CFTC for operating an unregistered Derivative platform. Since then, the exchange has operated exclusively internationally, building a large trading community in areas ranging from politics, sports, economics to entertainment.
The CFTC’s new move reflects an openness to prediction markets, which have increasingly attracted investment Capital and institutional interest, despite being XEM as information aggregators or “digital casinos.”
