Polymarket Secures Amended CFTC Order Clearing Way for Trading in the US
Prediction market platform Polymarket mentioned it has obtained an Amended Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), paving the manner for the platform to function as a completely regulated change in the U.S.
The approval will give Polymarket’s the potential to perform below the similar regulatory framework that governs federally supervised U.S. buying and selling venues.
With the amended order, Polymarket can now introduce intermediated entry, permitting prospects to commerce by way of futures commission merchants (FCMs) and permitting brokerages to onboard customers instantly.
This change integrates Polymarket into the conventional U.S. market construction, opening the door for broader participation, institutional engagement, and deeper market liquidity.
Intermediated Trading Brings Polymarket Into the Mainstream
The new regulatory designation permits Polymarket to attach with established market infrastructure used throughout the derivatives and commodities sectors. Users will now have the ability to commerce on U.S. venues utilizing conventional custody and compliance mechanisms.
“People depend on Polymarket as a result of we offer readability the place there’s confusion and accountability the place there’s ambiguity,” mentioned Shayne Coplan, Founder and CEO of Polymarket.
“This approval permits us to function in a manner that displays the maturity and transparency that the U.S. regulatory framework calls for. We’re grateful for the constructive engagement with the CFTC and stay up for persevering with to display management as a regulated U.S. change,” mentioned Coplan.
Intermediated market entry is anticipated to strengthen shopper protections, enhance market oversight, and set up Polymarket as a regulated venue for real-money occasion prediction in the United States.
Enhanced Oversight, Market Supervision and Reporting
As a part of the amended designation, Polymarket mentioned it has applied a collection of upgraded regulatory, supervisory, and operational safeguards. These embrace surveillance programs, market-supervision protocols, clearing procedures and regulatory reporting capabilities — all key components required of Designated Contract Markets (DCMs).
Before the platform’s official U.S. relaunch, Polymarket mentioned it would undertake further guidelines and processes particular to intermediated buying and selling. These measures are designed to strengthen compliance, strengthen inner controls and guarantee the integrity of each market listed on the platform.
Novogratz’s Galaxy Holds Talks With Polymarket and Kalshi
Mike Novogratz’s Galaxy Digital is in talks with prediction market platforms Polymarket and Kalshi about turning into a liquidity supplier, as on-chain betting on real-world occasions attracts extra consideration from each retail merchants and Wall Street.
Galaxy, which has constructed its model round offering crypto infrastructure and companies to institutional purchasers, would act as a market-maker on the platforms, posting common bids and affords to deepen buying and selling.
Novogratz told Bloomberg in a current interview that the agency is “performing some small-scale experimenting with market-making on prediction markets, however I feel you’ll ultimately see us offering broader liquidity.”
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