Shayne Coplan, founder and CEO of decentralized prediction platform Polymarket, said Wednesday that the Commodity Futures Trading Commission has approved the platform’s operation in the U.S.
Polymarket Cleared For US Comeback
Coplan confirmed the development in an X post, praising the agency for their “impressive” work and mentioning that the process was completed in “record” time.
The CFTC said it took a “no-action position” on swap data reporting and recordkeeping regulations for event contracts in response to a request from QCEX, a licensed derivatives exchange that Polymarket acquired in July.
The Division of Market Oversight and the Division of Clearing and Risk recommended that the agency not initiate an enforcement action against the entity.