PANews reported on September 4th, according to Decrypt, that prediction market Polymarket CEO Shayne Coplan stated on Wednesday that the company has received approval from the CFTC to resume operations in the United States, years after being fined and forced to relocate overseas due to alleged violations of existing regulations. In a statement today, the CFTC announced that it would not pursue enforcement action against QCX, the regulated derivatives exchange acquired by Polymarket in July, and exempted it from certain recordkeeping and data reporting requirements. Minutes after the announcement, Coplan stated that the no-action letter effectively allowed Polymarket to conduct business in the United States under QCX's license.PANews reported on September 4th, according to Decrypt, that prediction market Polymarket CEO Shayne Coplan stated on Wednesday that the company has received approval from the CFTC to resume operations in the United States, years after being fined and forced to relocate overseas due to alleged violations of existing regulations. In a statement today, the CFTC announced that it would not pursue enforcement action against QCX, the regulated derivatives exchange acquired by Polymarket in July, and exempted it from certain recordkeeping and data reporting requirements. Minutes after the announcement, Coplan stated that the no-action letter effectively allowed Polymarket to conduct business in the United States under QCX's license.
Prediction market Polymarket receives CFTC approval to return to US markets
PANews reported on September 4th, according to Decrypt, that prediction market Polymarket CEO Shayne Coplan stated on Wednesday that the company has received approval from the CFTC to resume operations in the United States, years after being fined and forced to relocate overseas due to alleged violations of existing regulations. In a statement today, the CFTC announced that it would not pursue enforcement action against QCX, the regulated derivatives exchange acquired by Polymarket in July, and exempted it from certain recordkeeping and data reporting requirements. Minutes after the announcement, Coplan stated that the no-action letter effectively allowed Polymarket to conduct business in the United States under QCX's license.
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