Polymarket Passes Regulatory Hurdles for US Launch, CEO Says (1)

Polymarket, the crypto-based prediction market, has the regulatory approvals needed to launch in the US after a top regulator granted it another critical component to launch, according to its chief executive officer, Shayne Coplan.

The Commodity Futures Trading Commission today granted the exchange, which recently acquired QCX, whose exchange application the CFTC approved in July, a no-action letter allowing Polymarket to avoid swaps data reporting and record-keeping regulations. The agency didn’t immediately respond to a request for additional comment.

The move gives Polymarket “the green light to go live in the USA,” Coplan said in a post ...