Prediction platform Polymarket has been granted approval by the US Commodity Futures Trading Commission (CFTC) to operate an intermediated trading platform.
The Amended Order of Designation allows Polymarket to onboard brokerages and customers directly and facilitate trading on US venues.
“This approval allows us to operate in a way that reflects the maturity and transparency that the US regulatory framework demands,” said Polymarket CEO Shayne Coplan.
Regulatory Context and Oversight
The approval comes approximately five months after the CFTC and Department of Justice concluded an investigation into Polymarket for accepting trades from US-based users.
The FBI reportedly raided Coplan’s home and seized electronic devices during the probe.
Polymarket will operate under CFTC oversight while Congress considers a market structure bill that could expand regulatory authority over digital assets.
Leadership Changes at the CFTC
The notice was issued under acting chair Caroline Pham as the US Senate prepares to vote on SEC official Michael Selig as the next CFTC chair.
Even if confirmed, four commissioner seats remain vacant, and no replacements have been announced by the President.
This leadership uncertainty comes at a time when regulatory clarity is increasingly important for digital asset platforms operating in the US.
