Polymarket is set to return to the US! Bloomberg: Currently in talks with CFTC to lift the ban.

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯953 words

After years of regulatory shadows, the decentralized prediction market platform Polymarket is brewing a return to the US market and has recently entered into discussions with the Commodity Futures Trading Commission (CFTC) to seek the lifting of the ban on US users. According to a Bloomberg report citing people familiar with the matter, Polymarket is actively exploring solutions to return to the US market and is preparing to bring its core business back to the US. Polymarket announced last year that it would re-enter the US market after acquiring the CFTC-regulated derivatives exchange QCEX. However, QCX LLC, which currently operates under the name "Polymarket US," is already established in the US but only offers a limited, stripped-down version that remains significantly different from the main platform. In 2022, Polymarket reached a settlement with the CFTC over allegations of offering illegal binary options. The company not only paid a $1.4 million fine but was also forced to shut down all non-compliant trading markets and committed to implementing blocking mechanisms to completely restrict access for US users. However, this regulatory storm saw a turning point last year when both the CFTC and the Department of Justice (DOJ) dropped their follow-up investigations into Polymarket. According to people familiar with the matter who spoke to Bloomberg, Polymarket executives have held intensive consultations with CFTC officials over the past few weeks, striving to completely lift the ban on US customers. However, for this ban to be officially lifted, it must legally undergo a formal vote by the CFTC commissioners. It is worth noting that the current personnel vacancies within the CFTC have sparked concerns among some members of the US Congress. According to regulations, the CFTC can have a maximum of 5 commissioners (including the Chair), and no more than 3 commissioners may belong to the same political party. Currently, CFTC Chair Michael Selig is the only commissioner in office, raising concerns among some lawmakers regarding the concentration of power and the transparency of regulatory decision-making. Recently, prediction markets have become a top priority on the CFTC's regulatory agenda. Michael Selig is actively pushing for relevant legislation and engaging in legal battles with various US state governments. Although state governments have strongly protested, arguing that prediction platforms violate local gambling regulations (especially those involving sports betting), Michael Selig maintains that the CFTC has "exclusive jurisdiction" over prediction markets. To this end, the CFTC has so far filed lawsuits against New York, Arizona, Connecticut, and Illinois. Bloomberg further disclosed that the discussions between Polymarket and the CFTC involve integrating the "operating model and blockchain technology of the global main site" with the "US exchange license," with the ultimate goal of having the merged business operate on a blockchain platform.

Data Status✓ Full text extractedRead Original (區塊客)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-04-30

Bloomberg: Polymarket eyes return to US, in talks with CFTC Chair Selig to lift 2022 ban

2026-04-29

Polymarket Eyes US Return for Crypto Exchange as Lone CFTC Chair Weighs Approval

Similarity 130%關鍵字 polymarket/cftc

2026-04-29

Polymarket pushes for broader US relaunch with CFTC talks: Report

Similarity 130%關鍵字 polymarket/cftc

2026-04-28

Report: Polymarket Targets Full US Return as CFTC Talks Advance