Polymarket Secures US Return After CFTC Ruling

- The CFTC granted a no-action position for Polymarket’s operations. - Polymarket acquired QCEX to facilitate regulatory approval. The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight and Division of Clearing and Risk issued a no-action position, allowing the crypto-based prediction platform Polymarket to resume U.S. operations for event contracts under "narrow circumstances." This development follows Polymarket's acquisition of the derivatives exchange QCEX, a strategic move that helped address regulatory concerns and enabled the company to secure the no-action letter. As a result, the clearance allows the platform to operate without facing enforcement actions for non-compliance with certain swap data reporting and recordkeeping regulations. Polymarket gained significant traction during the 2024 presidential election and continues to attract prominent figures. Donald Trump Jr. joined the platform as an investor and advisory board member, and more recently, Elon Musk’s X partnered with Polymarket, signaling a growing industry interest in prediction markets.