- Polymarket has obtained full Commodity Futures Trading Commission (CFTC) approval to operate as a regulated exchange within the United States.
- The firm received an Amended Order of Designation to offer intermediated trading, allowing transactions through Futures Commission Merchants (FCMs).
- This approval enables Polymarket to onboard brokerages and retail customers, leveraging established U.S. market infrastructure and regulatory compliance.
- The company previously faced penalties and relocation offshore but is now positioned to re-enter the U.S. market officially.
Polymarket, a platform for crypto market predictions, has secured approval from the Commodity Futures Trading Commission (CFTC) to operate fully as an exchange for U.S. retail users and brokerages. The approval, granted through an Amended Order of Designation, permits Polymarket to function as an intermediated trading platform within the United States, abiding by the same regulations as federally regulated U.S. exchanges.
This designation allows Polymarket to offer intermediated access, meaning that customers can trade through Futures Commission Merchants (FCMs). These merchants provide traditional market infrastructure including custody and reporting processes. Following this approval, Polymarket plans to onboard brokerages and users directly to facilitate trading on domestic venues.
“People rely on Polymarket because we provide clarity where there is confusion and accountability where there is ambiguity,” said Shayne Coplan, Founder and CEO of Polymarket. He added that the approval reflects the platform’s commitment to maturity and transparency under the U.S. regulatory framework, praising constructive interactions with the CFTC.
The regulatory approval comes less than two months after Polymarket was initially authorized to operate its market prediction platform in the U.S. The company faced enforcement action in 2022 when it was fined $1.5 million for alleged illegal trading activities. Following this penalty, Polymarket moved offshore and expanded internationally before securing its full return to U.S. markets.
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