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.

Michael Selig, the new chair of the CFTC, has introduced an innovation committee to explore regulation of prediction markets and digital assets. This move coincides with ongoing Congressional discussions about expanding the agency's authority in the crypto space, amid rising concerns over insider trading in prediction markets.

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.