CFTC clears the way: predicting the market to enter a new era of regulation

The U.S. Commodity Futures Trading Commission (CFTC) has granted Polymarket a position of inaction to allow the cryptocurrency forecasting platform to operate event contracts in the U.S. without complying with mandatory swap data reporting regulations. Polymarket has been acquired by QCX, which uses stablecoins and smart contracts for low-cost, borderless betting, in stark contrast to traditional sports bookmakers such as DraftKings. The platform had accurately predicted that Trump would win in 2024, with trading volumes exceeding $1 billion. However, state regulation and debates over gambling and financial instruments continue to present challenges.