Polymarket gets permission slip: CFTC clears path for first fully regulated US prediction exchange
PositiveCryptocurrency
- Polymarket has received official authorization from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a fully regulated prediction market platform in the United States, marking a significant milestone for the company. This approval allows Polymarket to resume its operations after a period of regulatory uncertainty.
- The CFTC's approval is crucial for Polymarket as it enables the platform to enhance its credibility and attract institutional investors, thereby increasing liquidity and user engagement in its prediction markets.
- This development reflects a growing trend towards regulatory clarity in the cryptocurrency sector, as evidenced by the increasing interest from institutional players and the emergence of competing platforms like Kalshi, which recently secured substantial funding and regulatory backing.
— via World Pulse Now AI Editorial System
