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Polymarket pushes CFTC approval to re‑enter US market

Bloomberg Markets •
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Polymarket, the prediction‑market platform that has operated from offshore jurisdictions, is reportedly seeking formal approval from the Commodity Futures Trading Commission to resume trading on its primary exchange within the United States. Sources say the move aims to clear the regulatory hurdle that has kept American users out.

American participation could turbocharge a sector already expanding rapidly, as bettors and data‑driven traders flock to platforms that price real‑world events. By offering a domestic venue, Polymarket would tap a sizable pool of retail capital that currently accesses foreign sites, potentially reshaping liquidity distribution across the broader prediction‑market ecosystem.

Regulators have treated crypto‑linked prediction markets with caution, citing concerns over consumer protection and market manipulation. A CFTC blessing would signal that Polymarket meets the agency’s compliance standards, giving the firm a competitive edge over rivals that remain offshore. The approval process, however, is expected to involve detailed disclosures and ongoing oversight.

Investors watching the space see the filing as a litmus test for how quickly regulatory frameworks can accommodate innovative betting products. If the request succeeds, Polymarket will become the first major prediction‑market exchange to operate openly in the United States, directly linking American capital to real‑time event pricing.