Polymarket is authorized by the CFTC to operate crypto prediction markets in the US
The US merchandise regulator adopted a non -action position with QCXa bag of licensed derivatives that was acquired this year by Polymarket. The measure allows Polymarket to re -enter the US market.
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- The CFTC authorizes Polymarket to operate prediction markets in the United States.
- The regulator adopted a non -action position with QCX, a licensed bag acquired by Polymarket.
- “Polymarket has received green light to operate in the US.”, Said the CEO.
- The measure allows the predictions with cryptocurrencies to return to the country.
The US Future Trade Commission (CFTC) of the US has granted a key authorization to Polymarket To operate cryptocurrency prediction markets in the country.
By issuing a letter of non -action to the company QCX –recently acquired by Polymarket–the regulator is allowing the prediction platform based on Blockchain Go ahead with your plans to re -enter the US market.
The CFTC announced Friday in a statement that its divisions have taken a non -action position regarding record maintenance regulations and submission of swap data reports for event contracts related to entities QCX LLC and QC Clearing LLCboth acquired by Polymarket in July for USD $ 112 million.
Polymarket receives green light from the CFTC
The letter exempts these entities and its participants to meet certain requirements for registration and presentation of data related to transactions of binary options and variable payment contracts, provided that the conditions established in the document are met. The decision marks a significant milestone for Polymarketwhich seeks to re -enter the US. After years of regulatory restrictions.
“Polymarket has received green light to operate in the US“Shayne Coplan, founder and CEO of Polymarketin a publication in X. “I thank the commission and your staff for your impressive work. This process has been completed in record time. Be attentive“
Founded in 2020, Polymarket It allows users to bet on the results of future events in the real world, such as political elections, economic events, sports, pop culture and more. Operates with intelligent contracts on PolygonCapa 2 network of Ethereum.
Polymarket He experienced extraordinary growth last year, as presidential elections in the United States promoted predictive bets. The boom was translated into more than USD $ 3 billion of capital bet on the Trump-Harris race, calling regulators’ attention and motivating market manipulation accusations.
A change in the regulatory panorama
The position of the CFTC reflects an opening towards prediction markets, a sector that has faced years of legal uncertainty in the United States. The letter of non -action, although limited to specific circumstances, is comparable to similar measures granted to other designated contract markets, such as Kalshia popular competitor of Polymarket in the traditional betting sector.
This regulatory flexibility coincides with a change in the position of the US government under the administration of Donald Trump, which has shown a more favorable attitude towards cryptocurrencies and prediction markets.
“With the acquisition of qcex, we are laying the foundations for Polymarket to return home“Coplan said in a previous statement. “The demand is greater than ever, not only in the growth of users and the volume of transactions, but in how the general public uses Polymarket to separate the noise signal, bias and speculation”.
Return to the US market
The authorization of the CFTC is a crucial step for Polymarketsince it allows you to legally operate in the USA. UU. Under a regulated framework, something that had not achieved since 2022, when it was fined 1.4 million dollars to offer contracts without due license.
As part of an agreement with the CFTC, Polymarket He had to block access to US users and suspend their operations in the country. The acquisition of QCXa bag of derivatives with licenses of the CFTC this 2025, provides Polymarket the regulatory infrastructure necessary to re -enter the US market in a regulated manner.
This decision also arrives after the closure of federal investigations by the Department of Justice and the CFTC in July, which examined whether Polymarket He had allowed the access of US users despite the restrictions of 2022. The resolution of these investigations, together with the non -action letter, eliminates the legal barriers that prevented Polymarket Operate in your country of origin.
Article written with the help of AI, edited by Diariobitcoin
Edited image of Unspash
WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.
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