Polymarket Gets the Green Light: CFTC Says “You’re Hired!” 🚀💼

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Brace yourselves, folks! Prediction platform Polymarket has finally gotten the nod from the bigwigs at the US Commodity Futures Trading Commission (CFTC) to run an intermediated trading platform. 🎉✨ Yes, you heard that right-the same platform that once had the FBI knocking on its CEO’s door is now officially in the clear. Talk about a glow-up! 💅

In a notice that dropped on Tuesday (because who doesn’t love a midweek bombshell?), Polymarket announced that the CFTC issued an Amended Order of Designation. Fancy, right? This basically means they can now “operate an intermediated trading platform subject to the full set of requirements applicable to federally regulated US exchanges.” Aka, they’re playing in the big leagues now. 🏆

According to Polymarket, this approval will let them onboard brokerages and customers directly and facilitate trading on US venues. “This approval allows us to operate in a way that reflects the maturity and transparency that the US regulatory framework demands,” said Polymarket founder and CEO Shayne Coplan, probably while doing a victory dance. 🕺💃

Polymarket Regulatory Approval

Remember when the CFTC and the US Department of Justice were all up in Polymarket’s business, investigating whether they were accepting trades from US-based users? Oh, and let’s not forget the FBI’s little visit to Coplan’s home, where they grabbed his gadgets like they were Black Friday deals. Well, that was five months ago, and now they’re sipping champagne. 🍾🤷‍♂️

Of course, with great power comes great oversight. The CFTC will be keeping a close eye on Polymarket while it operates in the US. And just in case you thought things couldn’t get more interesting, a market structure bill waltzing through Congress might expand the CFTC’s authority over digital assets. Because why not add more drama? 🎭

CFTC Leadership: A Game of Musical Chairs 🎶

The CFTC’s notice came courtesy of acting chair Caroline Pham, who’s probably juggling a million things while the US Senate gears up to vote on Michael Selig as the next chair. Spoiler alert: the Senate Agriculture Committee voted along party lines to move Selig’s nomination forward. Shocking, I know. 😒

Even if Selig gets the gig, the CFTC will still have four empty commissioner seats. And as of Tuesday, President Donald Trump hadn’t announced any replacements. So, it’s business as usual-chaos included. 🤡

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2025-11-25 22:24