Polymarket Set for US Return Following Approval From CFTC

Core Insights - Polymarket has received approval from the CFTC to operate in the U.S. after nearly four years of being pushed offshore due to regulatory issues [1] - The company can now onboard U.S. customers and work with intermediary merchants, enhancing its presence in the American futures market [2] - The CFTC has adopted a more lenient regulatory approach under the second Trump administration, allowing Polymarket to re-enter the market [3] Company Developments - Polymarket's re-entry was anticipated following its acquisition of a CFTC-regulated American derivatives exchange in July [2] - The company previously exited the U.S. market in 2022 after paying a $1.4 million fine for operating without a license [3] - Recent partnerships with major entities like X, Google, the NHL, and the UFC have significantly increased Polymarket's trading volume, surpassing $1 billion in a single week [4] Market Context - The CFTC and the Department of Justice dropped investigations into Polymarket, indicating a shift in regulatory scrutiny [3] - The involvement of high-profile investors, such as Donald Trump Jr., has strengthened Polymarket's ties to political and cultural power centers [4]