Polymarket has received an amended designation order from the U.S. Commodity Futures Trading Commission (CFTC), paving the way for the prediction market platform to operate as a fully regulated U.S. platform.
The approval, granted on Monday and announced on Tuesday, will allow Polymarket to offer intermediary access in the United States. This means bettors can participate through futures commission brokers and traditional intermediary channels.
This designation places Polymarket under the full regulatory framework applicable to federally supervised exchanges, including enhanced oversight, market oversight standards, clearing procedures, and Part 16 reporting requirements.
“People trust Polymarket because we provide clarity where there is confusion,” founder and CEO Shayne Coplan said in a press release, adding that the decision reflects the growing acceptance by regulators of prediction markets as a mature financial product.
The company said last month that it plans to begin operations in the U.S. in November, after access to U.S. citizens is cut off in 2022.
