Polymarket announced that it has received approval from the U.S. CFTC to re-enter the U.S. market.
TL;DR
Polymarket has received CFTC approval to re-enter the U.S. market as an intermediary trading platform, enabling direct connections for brokerage firms and clients. It will operate under a broker-access model with compliance to federal exchange requirements.
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According to a report by PR Newswire, Polymarket, a prediction market platform, announced that the U.S. Commodity Futures Trading Commission (CFTC) has issued an amended designation order allowing Polymarket to operate as an intermediary trading platform, provided it complies with all applicable requirements for federally regulated exchanges.
Once approved, Polymarket will be able to directly connect brokerage firms and clients, and facilitate trading on U.S. trading venues. Currently, Polymarket is authorized to introduce a broker-access model, allowing users to trade through futures commission brokers and utilize traditional market infrastructure, custody, and reporting channels.