The CFTC’s Division of Market Oversight and the Division of Clearing and Risk announced that they will not pursue enforcement action against QCX LLC or QC Clearing LLC regarding swap data reporting and record-keeping requirements for event contracts.
The letter applies only to narrow circumstances and mirrors similar regulatory relief granted to other designated contract markets.
The approval enables Polymarket to operate event contracts while maintaining compliance with federal derivatives regulations through its QCX partnership structure.
Coplan indicated US operations would launch soon, posting “stay tuned” to his announcement.
The regulatory green light marks a return for Polymarket, which ceased US operations in 2022 following CFTC settlement over unregistered derivatives trading.
The platform paid $1.4 million to resolve those charges and blocked American users from accessing its prediction markets.
Despite regulatory approval, recent controversies sparked new debates over market resolution mechanisms.
Despite the company confirming purchases within the timeframe, market resolution remained uncertain due to wording discrepancies between the market title and underlying rules.
However, commentators argued that the platform adhered to written rules rather than market titles, noting that such practices maintain consistency across prediction markets since January.
Despite the controversies, Polymarket’s return positions the platform to compete in the growing US prediction market sector, where political and economic forecasting has gained mainstream adoption.
