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Polymarket has received approval from the CFTC to reopen its prediction-market platform in the U.S. This allows users to trade contracts through regulated brokers, following a previous shutdown due to regulatory issues. The platform must now adhere to strict compliance measures, including enhanced surveillance and reporting.
Polymarket, a crypto-based prediction markets platform, has received approval from the CFTC to operate in the United States. The ruling follows a no-action letter regarding swap data reporting and recordkeeping regulations, paving the way for Polymarket's entry after a prior federal investigation was dropped.