Polymarket, a crypto-based prediction markets platform, has received approval from the CFTC to operate in the United States. The ruling follows a no-action letter regarding swap data reporting and recordkeeping regulations, paving the way for Polymarket's entry after a prior federal investigation was dropped.

Online prediction betting site Polymarket has received approval to launch in the United States after the CFTC announced a "no-action position" regarding certain regulations. The site previously faced investigations from the CFTC and Justice Department, which concluded without any charges. Polymarket also acquired derivatives exchange QCX, enhancing its presence in the U.S. market.