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Polymarket Gets CFTC Green Light to Operate in the US - Unchained
Polymarket has won regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate a fully regulated and intermediated prediction market trading platform in the U.S.
This story is an excerpt from the Unchained Daily newsletter.
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“Polymarket is now permitted to introduce intermediated access, enabling users to trade through FCMs and leverage traditional market infrastructure, custody, and reporting channels,” said Polymarket in a Tuesday notice
The approval marks the first time an onchain prediction market has been recognized within the U.S. regulatory system.
It will, however, require Polymarket to implement enhanced surveillance, clearing procedures, and regulatory reporting standards.