CFTC Approves Polymarket US Relaunch After QCX Deal
Polymarket has received a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), clearing the way for its relaunch in the United States. The approval is tied to Polymarket’s $112 million acquisition of QCX LLC, a CFTC-licensed derivatives exchange, and QC Clearing LLC, now operating as Polymarket US and Polymarket Clearing. CEO Shayne Coplan hailed the swift decision, calling it a record-time approval for regulated prediction markets. Last November, Coplan faced an FBI raid over alleged unauthorized commodity exchange operations, and both DOJ and CFTC investigations have since closed. The no-action letter provides legal certainty for Polymarket’s US return and sets the stage for its expansion in the regulated US prediction-market sector. High-profile backer Donald Trump Jr., through 1789 Capital, has joined Polymarket’s advisory board following the clearance.
Bullish
The CFTC’s no-action letter offers immediate legal clarity, likely boosting trading volume and liquidity on Polymarket US in the short term. It removes regulatory uncertainty that had deterred U.S. traders, paving the way for renewed market activity. In the long term, the clearance positions Polymarket as a leading compliant prediction market in the U.S., potentially attracting institutional and retail capital. This legitimization should support sustained growth and adoption, making the news bullish for Polymarket’s token ecosystem.