Polymarket Gains Regulatory Approval to Expand Event Contracts in U.S.
Polymarket has secured approval from the Commodity Futures Trading Commission (CFTC) to offer event contracts through brokerage firms, marking a pivotal step in its U.S. expansion. The platform, which was banned from serving American users in 2022, can now onboard brokerages and facilitate trading on U.S. venues. CEO Shayne Coplan hailed the decision as a milestone for integrating prediction markets into the financial system.
The MOVE comes as demand grows for binary options tied to real-world outcomes like elections and economic indicators. While Polymarket still requires additional approvals for direct customer trading, the CFTC's green light accelerates its comeback. Rival Kalshi, already operating under a license, continues to lead the space as partnerships reshape the competitive landscape.
