Overview
- Bloomberg reported the platform could restart U.S. trading next month with limited access focused on sports markets.
- Polymarket shut off U.S. access in 2022 after paying $1.4 million to settle CFTC charges tied to operating an unregistered derivatives venue.
- The firm acquired QCX, a CFTC-registered exchange and clearinghouse, which provides a potential legal pathway for domestic operations.
- One outlet reported that Polymarket received a CFTC no-action letter, a claim that has not been publicly confirmed by the parties.
- Shares of DraftKings and Flutter fell after the relaunch reports as investors weighed fresh competition in U.S. sports betting.