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Polymarket bets on US return 🎲
The prediction market platform has reportedly approached the CFTC to overturn a four-year ban on American users for its main exchange.
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📝 What you need to know
Prediction market platform Polymarket is reportedly eyeing a return to the U.S., having requested the CFTC reconsider the four-year ban on U.S. users imposed following its settlement with the agency.
If cleared by the commission, Polymarket’s main on-chain exchange would once again be open to American users (a separate CFTC-cleared product, Polymarket US, remains in beta with limited sports-focused trading).
With four of five CFTC commissioner seats vacant, the decision rests with just one man—CFTC Chair Michael Selig. Polymarket has reason to be optimistic; Selig has spent the last year carrying water for prediction markets, vowing to take states to court over regulation and warning that pushing the platforms offshore could lead to FTX-style “implosions.” Just yesterday, the CFTC sued Wisconsin after the state filed a lawsuit against prediction market platforms.
The odds are looking good for Polymarket’s U.S. return. If only there was somewhere to bet on it…
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