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Quick take:
The CFTC has issued an Amended Order of Designation, permitting Polymarket to operate an intermediated trading platform.
The platform will be required to comply with the full set of requirements applicable to federally regulated U.S. exchanges.
As part of the amended order, Polymarket has developed enhanced surveillance systems, market supervision policies, clearing procedures, and regulatory reporting capabilities.
Polymarket, the prediction market platform, recently valued at about $8 billion, has received approval from the Commodity Futures Trading Commission (CFTC) to return to the U.S. market under a fully regulated exchange structure.
According to the press release seen by NFTgators on Tuesday, the CFTC has issued an Amended Order of Designation, permitting Polymarket to operate an intermediated trading platform. The platform will be required to comply with the full set of requirements applicable to federally regulated U.S. exchanges.
As part of the amended order, Polymarket has developed enhanced surveillance systems, market supervision policies, clearing procedures, and regulatory reporting capabilities.
Commenting on the announcement, Shayne Coplan, Founder and CEO of Polymarket, said in a statement: “People rely on Polymarket because we provide clarity where there is confusion and accountability where there is ambiguity.”
“This approval allows us to operate in a way that reflects the maturity and transparency that the U.S. regulatory framework demands. We’re grateful for the constructive engagement with the CFTC and look forward to continuing to demonstrate leadership as a regulated U.S. exchange.”
The announcement follows the NYSE owner Intercontinental Exchange’s $2 billion investment in Polymarket last month, which granted it approximately a 25% stake, based on the reported valuation of $8 billion.
Earlier in 2025, Polymarket also acquired the U.S.-licensed exchange and clearing house, QCEX, for $112 million.
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