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U.S. CFTC Gives Go-Ahead For Polymarket's New Exchange, QCX
The Commodity Futures Trading Commission granted Polymarket a no-action letter to bypass certain swap data rules, enabling its return to US operations amid a 44% increase in new markets in July.
- On Wednesday, the CFTC’s Divisions of Market Oversight and Clearing and Risk took a no-action position allowing Polymarket to operate QCX in the U.S.
- Polymarket previously abandoned its U.S. business under regulator direction in 2022 and faced federal investigations that ended without charges in July.
- Founded in 2020 and headquartered in Manhattan, Polymarket finalized the purchase of derivatives exchange QCX as part of its effort to resume operations in the U.S. market.
- CEO Shayne Coplan described the approval as an important milestone for increasing availability of Polymarket’s leading platform and praised the Commission’s outstanding efforts.
- The no-action letter exempts Polymarket from certain swap data reporting and recordkeeping rules, paving the way for its U.S. launch and anticipated growth.
17 Articles
17 Articles
U.S. CFTC Gives Go-Ahead For Polymarket's New Exchange, QCX
The U.S. Commodity Futures Trading Commission has freed up prediction market firm Polymarket's QCX acquisition from certain disclosure and data requirements as the company moves forward in its U.S. business offerings. QCX, which got its license to start operations in July before it was snatched up later that month by Polymarket, has been granted a "no-action letter" from the CFTC, allowing it to operate in specifically defined ways without drawi…
Polymarket Gets CFTC 'Green Light' to Return to US, CEO Says
The post Polymarket Gets CFTC ‘Green Light’ to Return to US, CEO Says appeared on BitcoinEthereumNews.com. Key Notes CFTC issued no-action letter allowing Polymarket’s US operations through QCX LLC and QC Clearing LLC acquisitions. CEO Shayne Coplan called the regulatory decision a green light for launching compliant prediction contracts domestically. Donald Trump Jr joined Polymarket’s advisory board as the company positions to dominate US pred…
Polymarket Gets Greenlight from CFTC: What’s Next for Crypto? - Blockonomi
TLDR Polymarket receives CFTC approval to operate legally in the U.S. CFTC grants exemptions for event contracts traded on QCX LLC. Polymarket secures QCX and QC Clearing as part of its reentry plan. Approval follows previous regulatory setbacks and a 2022 fine. CFTC’s decision supports innovation within a compliant legal framework. Polymarket, a crypto-powered prediction platform, has gained approval from the Commodity Futures Trading Commissi…
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