Polymarket gains U.S. regulatory approval to operate as a licensed prediction market with crypto-based contracts.

The U.S. Commodity Futures Trading Commission has approved Polymarket’s amended Order of Designation, allowing the prediction market platform to operate as a regulated Designated Contract Market in the U.S. The approval enables Polymarket to offer event-based contracts through compliant intermediaries like Futures Commission Merchants, using licensed entities QCX LLC and QC Clearing LLC. The move marks a major regulatory milestone, integrating crypto-based forecasting into traditional financial infrastructure with enhanced surveillance, clearing, and reporting. Polymarket must implement additional compliance measures before launching under the new framework, signaling the CFTC’s balanced approach to innovation and investor protection.