TLDR The CFTC granted QCX (Polymarket’s US acquisition) a no-action letter, allowing event contracts without standard data reporting requirements Polymarket acquired QCX in July 2024 for $112 million to re-enter US markets after being forced out in 2022 CEO Shayne Coplan says the CFTC decision gives Polymarket the “green light to go live in the [...] The post Polymarket Wins Big: CFTC Clears Path for US Comeback appeared first on CoinCentral.TLDR The CFTC granted QCX (Polymarket’s US acquisition) a no-action letter, allowing event contracts without standard data reporting requirements Polymarket acquired QCX in July 2024 for $112 million to re-enter US markets after being forced out in 2022 CEO Shayne Coplan says the CFTC decision gives Polymarket the “green light to go live in the [...] The post Polymarket Wins Big: CFTC Clears Path for US Comeback appeared first on CoinCentral.

Polymarket Wins Big: CFTC Clears Path for US Comeback

3 min read

TLDR

  • The CFTC granted QCX (Polymarket’s US acquisition) a no-action letter, allowing event contracts without standard data reporting requirements
  • Polymarket acquired QCX in July 2024 for $112 million to re-enter US markets after being forced out in 2022
  • CEO Shayne Coplan says the CFTC decision gives Polymarket the “green light to go live in the USA”
  • This marks a shift in regulatory approach under the Trump administration, with softer enforcement on crypto companies
  • Brian Quintenz, Trump’s CFTC nominee who has ties to rival Kalshi, supports binary event contracts as legitimate hedging tools

The US Commodity Futures Trading Commission has granted regulatory relief to Polymarket’s newly acquired entities, clearing the way for the prediction market platform to resume US operations. The CFTC issued a no-action letter to QCX LLC and QC Clearing LLC, allowing them to offer event contracts without meeting standard data reporting requirements.

The no-action letter covers swap data reporting and recordkeeping regulations for event contracts. This means Polymarket can operate without reporting transaction data to swap data repositories or maintaining certain financial records typically required under US regulations.

QCX obtained its CFTC license in July 2024 before Polymarket acquired it later that month for $112 million. The acquisition included both a derivatives exchange and clearinghouse, giving Polymarket the regulatory framework needed to return to US markets.

The company was previously forced to exit US markets in 2022 after paying a $1.4 million fine. The CFTC had determined Polymarket operated an “illegal unregistered or non-designated facility” at that time.

Regulatory Environment Shifts

The CFTC’s decision reflects a broader change in regulatory approach under the Trump administration. Acting Chairman Caroline Pham has criticized the agency’s previous stance, saying it had gotten stuck in a “sinkhole of legal uncertainty” while pursuing legal cases against the prediction market industry.

The Securities and Exchange Commission has also dropped several investigations and lawsuits against crypto companies in recent months. This represents a departure from the enforcement-heavy approach taken under former SEC Chair Gary Gensler.

Brian Quintenz, Trump’s nominee to lead the CFTC, has expressed support for binary event contracts. As a board member of rival platform Kalshi, Quintenz has described these contracts as appropriate “hedging tools” during Senate testimony.

Market Operations and Compliance

Under the no-action letter, event contracts must remain fully collateralized. Market participants cannot clear contracts through third-party clearing members, maintaining direct oversight of transactions.

The relief is temporary and does not exempt QCX from overall regulatory compliance. The CFTC staff noted their position aligns with previous no-action letters for binary options and similar financial instruments.

Polymarket has emerged from federal investigative interest that followed the 2024 US elections. Authorities had been examining trades from US-based users but closed their investigations in July 2025.

The prediction market sector has grown rapidly as regulatory clarity has improved. Both Polymarket and competitor Kalshi have expanded their operations and user bases throughout 2024 and 2025.

Donald Trump Jr. joined Polymarket’s advisory board in August 2024, further cementing the platform’s connections to the current administration. The regulatory approval represents a key milestone in Polymarket’s return to US markets after a three-year absence.

The post Polymarket Wins Big: CFTC Clears Path for US Comeback appeared first on CoinCentral.

Market Opportunity
SecondLive Logo
SecondLive Price(LIVE)
$0.00003883
$0.00003883$0.00003883
+3.96%
USD
SecondLive (LIVE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

The post Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Forward Industries, the largest publicly traded Solana treasury company, has filed a $4 billion at-the-market (ATM) equity offering program with the U.S. SEC  to raise more capital for additional SOL accumulation. Forward Strategies Doubles Down On Solana Strategy In a Wednesday press release, Forward Industries revealed that the 4 billion ATM equity offering program will allow the company to issue and sell common stock via Cantor Fitzgerald under a sales agreement dated Sept. 16, 2025. Forward said proceeds will go toward “general corporate purposes,” including the pursuit of its Solana balance sheet and purchases of income-generating assets. The sales of the shares are covered by an automatic shelf registration statement filed with the US Securities and Exchange Commission that is already effective – meaning the shares will be tradable once they’re sold. An automatic shelf registration allows certain publicly listed companies to raise capital with flexibility swiftly.  Kyle Samani, Forward’s chairman, astutely described the ATM offering as “a flexible and efficient mechanism” to raise and deploy capital for the company’s Solana strategy and bolster its balance sheet.  Advertisement &nbsp Though the maximum amount is listed as $4 billion, the firm indicated that sales may or may not occur depending on existing market conditions. “The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said. Forward Industries kicked off its Solana treasury strategy on Sept. 8. The Wednesday S-3 form follows Forward’s $1.65 billion private investment in public equity that closed last week, led by crypto heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital. The company started deploying that capital this week, announcing it snatched up 6.8 million SOL for approximately $1.58 billion at an average price of $232…
Share
BitcoinEthereumNews2025/09/18 03:42
Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What’s Next

Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What’s Next

The Federal Reserve (Fed) announced its first interest rate cut of the year, leading to an immediate reaction in the cryptocurrency market. Bitcoin (BTC) experienced a notable decline, dropping below the $115,000 threshold shortly after the announcement.  Expert Predicts Crypto Rally Fed Chair Jerome Powell addressed the current economic landscape, noting that while inflation has […]
Share
Bitcoinist2025/09/18 03:11
XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k

XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k

The post XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k appeared on BitcoinEthereumNews.com. XRP price led cryptocurrency losses on Friday
Share
BitcoinEthereumNews2026/02/06 19:06