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- Polymarket CEO Says Crypto-Based Prediction Platform Ready To Enter US After CFTC Approval: 'Stay Tuned'</p>
<p>Aniket VermaSeptember 4, 2025 at 2:26 AM</p>
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<p>Polymarket CEO Says Crypto-Based Prediction Platform Ready To Enter US After CFTC Approval: 'Stay Tuned'</p>
<p>Shayne Coplan, founder and CEO of decentralized prediction platform Polymarket, said Wednesday that the Commodity Futures Trading Commission has approved the platform's operation in the U.S.</p>
<p>Polymarket Cleared For US Comeback</p>
<p>Coplan confirmed the development in an X post, praising the agency for their "impressive" work and mentioning that the process was completed in "record" time.</p>
<p>The CFTC said it took a "no-action position" on swap data reporting and recordkeeping regulations for event contracts in response to a request from QCEX, a licensed derivatives exchange that Polymarket acquired in July.</p>
<p>The Division of Market Oversight and the Division of Clearing and Risk recommended that the agency not initiate an enforcement action against the entity.</p>
<p>Polymarket has been given the green light to go live in the USA by the @CFTC.Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing.Stay tuned https://t.co/NVziTixpqO</p>
<p>— Shayne Coplan 🦅 (@shayne_coplan) September 3, 2025</p>
<p>See Also: Alibaba's Jack Ma-Backed Firm Invests $44 Million In Ethereum For Strategic Reserve</p>
<p>A pop-up on Polymarket's website indicated that the platform is preparing for a U.S. launch and will be available to traders soon.</p>
<p>Source: Polymarket</p>
<p>Polymarket's Topsy-Turvy Journey</p>
<p>This approval marked a significant milestone for Polymarket, which has been working towards re-entering the U.S. market. In July, Coplan announced that Polymarket had acquired the holding company of QCEX, a licensed derivatives exchange and clearinghouse, for $112 million.</p>
<p>The clearance marked a major turnaround from November of last year, when the FBI raided Coplan's home as part of a Justice Department investigation into allegations that the Polygon (CRYPTO: POL-based prediction platform allowed U.S.-based users to place bets in violation of regulatory agreements.</p>
<p>Polymarket rose to prominence during last year's election season, with over $3 billion wagered on the outcome of the presidential race between Trump and Kamala Harris. The platform accurately predicted Trump's victory, but concerns about foreign influence and market manipulation dominated headlines.</p>
<p>Notably, Donald Trump Jr.'s venture capital fund, 1789 Capital, made a multi-million-dollar investment in Polymarket. Trump Jr. will also join the company as a strategic advisor.</p>
<p>Read Next:</p>
<p>Polymarket's New Rival? Coinbase-Backed Startup Bags $15 Million In Seed Funding For Blockchain-Based Prediction Platform</p>
<p>Photo Courtesy: PJ McDonnell on Shutterstock.com</p>
<p>Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.</p>
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<p>This article Polymarket CEO Says Crypto-Based Prediction Platform Ready To Enter US After CFTC Approval: 'Stay Tuned' originally appeared on Benzinga.com</p>
<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p>
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