Polymarket Seeks CFTC Approval to Bring Main Crypto Exchange Onshore in US
Polymarket has requested the US Commodity Futures Trading Commission (CFTC) for clearance to deliver its fundamental crypto-native prediction alternate onshore, Bloomberg reported. The step would broaden its US footprint past the intermediated entry provided by QCX LLC.
The transfer indicators a deeper push to combine decentralized prediction markets into mainstream US finance. It follows a regulatory thaw that started in 2025 with the corporate’s $112 million QCEX acquisition and a string of CFTC approvals.
A Path From Offshore to Onshore
Polymarket at present runs two platforms. The fundamental alternate settles trades on Polygon in USD Coin (USDC) and lists the broadest vary of occasion contracts, whereas Polymarket US provides intermediated entry via brokerages.
The regulated US arm grew to become absolutely operational after the CFTC issued an Amended Order of Designation in November 2025, granting approval for intermediated access.
Polymarket prolonged its anti-manipulation and insider buying and selling guidelines throughout each platforms in March 2026.
Onshoring the primary alternate would let American customers commerce straight on-chain reasonably than via brokerage rails. It would additionally pull extra DeFi infrastructure into federally supervised territory.
The submitting arrives throughout a financing surge. Intercontinental Exchange, the mum or dad of the New York Stock Exchange, completed a $2 billion strategic investment in March, and talks for a $400 million spherical at a $15 billion valuation surfaced this month.
Whether the CFTC will settle for round on-chain settlement, USDC collateral, and broader market scope stays an open query.
Rival Kalshi already runs as a regulated occasion contract market, elevating aggressive stakes.
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