Polymarket CEO Announces CFTC ‘Green Light’ for US Operations Launch

Polymarket has received CFTC clearance to operate in the United States through a no-action letter covering event ￰2￱ regulatory relief caps a remarkable year of strategic moves that positioned the $2.6 billion platform for rapid U. S. expansion, including a $112 million acquisition, high-profile board appointments, and massive institutional backing. “Polymarket has been given the green light to go live in the USA by the @CFTC,” CEO Shayne Coplan wrote on X , crediting the Commission for “impressive work” completed in “record timing.” Polymarket has been given the green light to go live in the USA by the@CFTC.

Credit to the Commission and Staff for their impressive ￰3￱ process has been accomplished in record ￰4￱ tuned ￰0￱ — Shayne Coplan (@shayne_coplan) September 3, 2025 The breakthrough allows the prediction market platform to offer compliant contracts to ￰5￱ for the first time since 2022, when it was forced to block American access following regulatory ￰6￱ Provides Narrow but Key Relief The CFTC’s Division of Market Oversight and Division of Clearing and Risk issued the no-action position specifically for QCX LLC, a designated contract market, and QC Clearing LLC, a derivatives clearing organization that Polymarket acquired earlier this ￰7￱ the relief, neither entity nor its participants will face enforcement action for failing to comply with certain swap-related recordkeeping requirements or for not reporting binary options and variable-payout contract transactions to swap data ￰8￱ the no-action letter applies only in narrow circumstances and mirrors similar relief granted to other designated contract markets, it provides Polymarket with the regulatory framework needed to offer compliant prediction contracts to ￰9￱ breakthrough shields participants from enforcement related to reporting and recordkeeping requirements specifically tied to event contracts and binary options, giving Polymarket the regulatory cover needed to scale in the ￰10￱ Year of Positioning Pays Off The regulatory clearance caps a considerable series of strategic moves that positioned Polymarket to capitalize quickly once regulators indicated an ￰11￱ July, Polymarket’s strategic $112 million acquisition of Florida-based derivatives exchange QCEX secured the regulated infrastructure necessary for ￰12￱ same month, the Department of Justice and CFTC closed their investigations into Polymarket without pursuing further action, clearing the platform’s earlier compliance case and paving the way for a ￰13￱ ￰14￱ and CFTC have closed their investigations into @PolymarketHQ without further action #Polymarket #Cryptobetting ￰1￱ — ￰15￱ (@cryptonews) July 15, 2025 Earlier in June, Peter Thiel’s Founders Fund led a $200 million funding round that valued the company at $1 billion, confirming institutional confidence in the platform’s ￰16￱ recently, Donald Trump ￰17￱ Polymarket’s advisory board in August, as his venture capital firm, 1789 Capital, invested tens of millions of dollars, further expanding the platform’s ￰18￱ ￰19￱ platform has maintained explosive growth despite being officially closed to ￰20￱ since a 2022 CFTC settlement, processing over $6 billion in bets during the first half of 2025 ￰21￱ the U.

S. market, Polymarket has secured high-profile partnerships, including a collaboration with Elon Musk’s X platform to integrate prediction markets with AI-powered analysis from the xAI chatbot ￰22￱ platform Kalshi recently won a court victory against the CFTC over political betting ￰23￱ win suggests that regulatory appetite for prediction markets is improving. However, the no-action letter represents case-by-case relief rather than blanket approval for prediction market ￰24￱ are still some questions about the durability of this regulatory ￰25￱ still faces restrictions in several international markets, including France, Belgium, Thailand, and Singapore, where authorities have cited gambling law ￰26￱ platform has also confronted allegations of market manipulation, though none have resulted in formal charges, and continues to operate under scrutiny from multiple regulatory bodies ￰27￱ now, the CFTC’s decision provides Polymarket with a key foothold in the world’s largest financial market, which could potentially influence other countries’ decisions on crypto-based prediction platforms.