
Polymarket announced on Tuesday that the U.S. Commodity Futures Trading Commission (CFTC) has approved an updated order that allows the company to operate a fully regulated, intermediated trading platform in the U.S.
This means Polymarket can now function under the same rules that apply to federally regulated U.S. exchanges. On Stocktwits, retail sentiment around Polymarket, which is not a publicly traded company, was in ‘neutral’ territory with chatter at ‘high’ levels.
"This approval allows us to operate in a way that reflects the maturity and transparency that the U.S. regulatory framework demands.”
– Shayne Coplan, Founder and CEO, Polymarket
With this approval, Polymarket will be able to work directly with brokerages and customers and offer trading through U.S. venues. The company is now allowed to provide “intermediated access,” meaning users can trade through futures commission merchants (FCMs) and use the same custody, reporting, and market infrastructure that traditional financial firms rely on.
“We're grateful for the constructive engagement with the CFTC and look forward to continuing to demonstrate leadership as a regulated U.S. exchange," said Shayne Coplan, Founder and CEO of Polymarket.
To comply with the amended order, Polymarket said it has built improved market surveillance tools, supervision policies, clearing procedures, and regulatory reporting systems. The company plans to roll out additional rules and processes that apply to intermediated trading before the platform officially launches.
Get updates to this developing story <directly on Stocktwits.<
Read also: Bitcoin Reclaims $87,000 With XRP, Solana And Ethereum Leading Gains – Trend Reversal May Be Short-Term, Says Analyst
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.