Polymarket announces its approval by the US CFTC to re-enter the US market

According to ChainCatcher, as reported by PR Newswire, prediction market platform Polymarket announced that the U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order of designation, allowing Polymarket to operate an intermediary trading platform in compliance with all applicable requirements of federally regulated exchanges.

After receiving approval, Polymarket will be able to directly onboard brokers and clients, and facilitate trading on U.S. trading venues. Currently, Polymarket is permitted to introduce an intermediary access model, allowing users to trade through futures commission merchants and utilize traditional market infrastructure, custody, and reporting channels.