Polymarket has received approval from the CFTC to reopen its prediction-market platform in the U.S. This allows users to trade contracts through regulated brokers, following a previous shutdown due to regulatory issues. The platform must now adhere to strict compliance measures, including enhanced surveillance and reporting.

Polymarket has sued Massachusetts, claiming that the U.S. Commodity Futures Trading Commission (CFTC) has exclusive authority over prediction markets, not state regulators. This lawsuit highlights growing tensions as states attempt to classify sports-related prediction contracts as gambling, which would require local licensing. Recent rulings in Massachusetts and other states have further complicated the legal landscape for prediction market operators.

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.