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04/09/25 23:53 UTC-04

Blockchain prediction platform Polymarket receives permission to operate in the U.S.

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Other Blockchain prediction platform Polymarket receives permission to operate in the U.S.

Official approval for the blockchain prediction platform Polymarket became possible thanks to the company’s acquisition of the regulated derivatives exchange QCX for $112 million. Polymarket is using QCX and QC Clearing’s licenses to return to the U.S. market.

Previously, the Market Surveillance and Clearing & Risk departments of the CFTC announced that the regulator would not take any enforcement actions against QCX and exempts it from certain requirements for reporting rules on crypto swaps and recordkeeping for event contracts.

“The Commodity Futures Trading Commission has granted Polymarket permission to launch in the U.S.,” wrote the platform’s CEO Shayne Coplan on social media platform X.

In July, the U.S. Department of Justice officially closed its investigation into Polymarket. The platform had been suspected of violating gambling laws and offering crypto options and swaps to Americans under the guise of a betting pool. The case was closed with no financial or legal consequences for Polymarket.

See also: "AI agents will dominate the stablecoin market — Michael Novogratz"

#Polymarket #Blockchain #USA #Crypto Regulations

Editor: Alyona Nabok
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