The prediction market platform Polymarket is in talks with the Commodity Futures Trading Commission (CFTC). The prediction market platform is seeking permission so that U.S. traders can once again access its main exchange. A recent report reveals that the company wants to lift the restriction imposed in 2022 following a regulatory settlement that moved its operations outside the United States.
Depending on the outcome of these talks, Polymarket will be able to compete directly with platforms like Kalshi in a high-demand market. The approval, which now depends on a vote by Commissioner Michael Selig, would represent a milestone for the event markets industry, integrating greater trading activity under the federal oversight framework and reducing the use of unregulated alternatives to access prediction contracts.
For now, Polymarket can only wait for the commission’s official resolution, in a context where the vacancy of seats at the CFTC could speed up the decision-making process. If finalized, it would mark the return of one of the sector’s most influential players to the North American financial ecosystem.
Source:https://goo.su/2qHPw
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