🇺🇸 CFTC grants Polymarket approval to operate crypto prediction markets in the US.
The US Commodity Futures Trading Commission (CFTC) has granted Polymarket approval to operate its crypto prediction platform in the US. This decision comes after Polymarket acquired QCX, a CFTClicensed derivatives exchange, for $112 million in July 2025. The approval allows Polymarket to offer and settle probability-based contracts under futures and swaps rules, subject to reporting, surveillance, and risk reduction requirements.
Key Implications:
Regulatory Compliance: Polymarket can now operate within a supervised regulatory framework, reducing reliance on unregulated channels and improving acceptance among US users.
Market Infrastructure: The approval strengthens market infrastructure through QCX's clearing and reduces counterparty risk, potentially integrating prediction markets into the broader derivatives ecosystem.
Institutional Participation: With enhanced reporting duties and controls aimed at preventing manipulation, Polymarket may attract larger investors and improve liquidity and operational resilience.
Background:
Polymarket, launched in 2020, is the world's largest prediction market, allowing traders to predict events like election results and cryptocurrency prices. After facing regulatory hurdles, including a $1.4 million fine in 2022 for offering unregistered event contracts, Polymarket worked to adhere to CFTC standards.
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