Core Insights - Polymarket has received approval from the CFTC to operate as a regulated exchange in the U.S. [1][2][4] - The approval allows Polymarket to onboard U.S. brokerages and customers directly, facilitating trading on U.S. venues [3][7] - The platform has made significant progress in the prediction market, raising $2 billion at a $9 billion valuation [6] Regulatory Developments - The CFTC issued an amended order of designation, enabling Polymarket to operate an intermediated trading platform [2][7] - As part of the approval, Polymarket has developed enhanced surveillance systems and market supervision policies [5] Operational Enhancements - Polymarket plans to implement additional rules and processes for intermediated trading before its official U.S. return [5] - The platform aims to leverage traditional market infrastructure, custody, and reporting channels for trading [3]

Wall Street’s biggest exchange owner is betting $2Bn that prediction markets are going mainstream. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced on Tuesday that it will invest up to $2Bn in crypto prediction platform Polymarket. The deal makes ICE a global distributor of Polymarket’s event-driven data and opens the door for future tokenization projects between the two firms. The investment values Polymarket at about $8Bn before the deal and $9Bn after, acc ...