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3h ago

CFTC Staff No-Action Clears Path for Polymarket’s U.S. Return via QCX

The staff relief applies only to QCX entities, creating a compliant route for U.S. event contracts.

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Bob Donnan-Imagn Images
Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
Polymarket CEO confirms readiness to launch in US after CFTC event contract ruling

Overview

  • The CFTC’s market oversight and clearing divisions issued a no-action position that waives certain swap-data reporting and recordkeeping enforcement for event contracts executed on QCX and cleared by QC Clearing.
  • Polymarket acquired the CFTC-registered exchange and clearinghouse for $112 million in July, rebranding them as Polymarket US and Polymarket Clearing to provide the regulated infrastructure for U.S. markets.
  • CEO Shayne Coplan called the action a green light and said the platform is ready, though no relaunch date has been announced.
  • The relief is narrow, conditional and issued at the staff level, and it does not directly address Polymarket itself, leaving operational, compliance and potential state or sports-league hurdles.
  • The move follows the closure of DOJ and CFTC probes and comes as rival Kalshi grows, with new backing and attention that include Donald Trump Jr.’s 1789 Capital investing and joining Polymarket’s advisory board.