Polymarket receives green light for US launch after CFTC decision, CEO confirms
The platform received a no-action position from the Commodity Futures Trading Commission.
Key Points
- CFTC divisions granted a no-action position on reporting and recordkeeping rules
- CEO Shayne Coplan confirmed approval and praised the process as “record timing”
Prediction betting exchange Polymarket is preparing for its US debut after the Commodity Futures Trading Commission (CFTC) cleared the way for its launch.
Polymarket CEO Shayne Coplan announced via X (Twitter) that the platform “has been given the green light to go live in the US by the CFTC,” adding credit to the regulator for finalizing the process quickly.
The agency confirmed that its Division of Market Oversight and Division of Clearing and Risk had issued a no-action position on swap data reporting and recordkeeping requirements for event contracts.
This means the divisions will not recommend enforcement against the company for not reporting certain data, effectively enabling Polymarket’s operations.
The decision follows the conclusion of investigations earlier this year by both the CFTC and the Department of Justice, which closed their reviews without charges.
The inquiries had centred on whether Polymarket had previously allowed US residents to participate in its markets.
Good to know: Polymarket’s CEO previously said he sees rival Kalshi as a “copycat”
Coplan described it as “a significant step toward expanding access to Polymarket’s category-defining platform.”
The company has recently finalized the acquisition of derivatives exchange QCX besides getting new backing from 1789 Capital, with Donald Trump Jr. joining its advisory board.
The investor’s involvement signals a strategic push to expand the platform’s presence in the event-contracts market, where competitor operators like Kalshi have already established a foothold.
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