The approval came as the US Senate is expected to vote soon on prospective CFTC chair Michael Selig as a replacement for acting Chair Caroline Pham.
Prediction platform Polymarket has received regulatory approval from the US Commodity Futures Trading Commission to operate an intermediated trading platform.
In a Tuesday notice, Polymarket said the CFTC issued an Amended Order of Designation, which will allow the company to “operate an intermediated trading platform subject to the full set of requirements applicable to federally regulated US exchanges.”
According to Polymarket, the approval will result in the platform onboarding brokerages and customers directly and facilitating trading on US venues.
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