Regulators clear the way for forecasting the next major bet in the market

PredictIt has been approved by the U.S. Commodity Futures Trading Commission (CFTC) to become a designated contract market (DCM) and designated trader (DCO) and will launch a new exchange in the U.S. in October, with business scope extending beyond the political market, providing a diverse event contract. With over 400,000 users, the platform aims to increase liquidity and engagement under regulated business operations. Previously, Polymarket had sent letters to U.S. regulators for inaction, marking a broader regulatory adjustment in the U.S. forecast the market will accept wider regulatory adjustments.