Intercontinental Exchange(US:ICE) Benzinga·2025-11-26 04:26Core Insights - Polymarket has received approval from the Commodity Futures Trading Commission (CFTC) for intermediated trading in the U.S., allowing customers to trade contracts through brokerages and futures commission merchants, marking a significant step towards becoming a fully regulated exchange [1][2] - The approval follows Polymarket's acquisition of QCEX, a licensed derivatives exchange and clearinghouse, for $112 million, which was a crucial move for its re-entry into the U.S. market [3] - The platform is preparing for a U.S. launch and is expected to be available to traders soon [4] - Polymarket plans to launch a native token and airdrop following its U.S. relaunch, and is in discussions to raise additional funding at a valuation between $12 billion and $15 billion [6] - The platform has achieved a cumulative trading volume exceeding $35.7 billion, with October's volume alone reaching $4 billion [7] Company Developments - Shayne Coplan, founder and CEO of Polymarket, described the CFTC's approval as a "key milestone" and praised the commission for its unprecedented pace and thorough feedback on applications [2][3] - The platform gained prominence during the last election season, with over $3 billion wagered on the presidential race outcome, accurately predicting Donald Trump's victory [7]