Polymarket Just Got CFTC Sign-Off. Prediction Markets Are on the March.

Core Insights - Polymarket has received regulatory clearance from the Commodity Futures Trading Commission (CFTC) to operate in the U.S., marking its return after nearly four years of prohibition [6][8][9] - The return of Polymarket coincides with a significant boom in event betting, with various fintech platforms and sportsbooks vying for market share [2][3] - Analysts predict a potential "gold rush" in the predictions market, with numerous sportsbooks competing for users, despite some facing substantial losses [4] Regulatory Developments - The CFTC had previously ordered Polymarket to cease operations in the U.S. in 2022, resulting in a $1.4 million penalty for operating an unregistered trading venue [6] - Polymarket's founder noted that the regulatory approval process, which typically takes years, was completed in just four months [9] Market Dynamics - The predictions marketplace is expanding, with Polymarket set to power a new prediction markets hub in collaboration with Yahoo Finance, and Google planning to support prediction markets data [5] - There is a current live events contract on Polymarket regarding its potential U.S. operations in 2025, with 71% of bettors currently wagering "yes" [9]