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CFTC approval clears Polymarket for a potential US return

Licences & markets

Polymarket received approval from the US Commodity Futures Trading Commission on Tuesday and is expected to announce plans to return to the US, according to the report; no launch timeline was given. A statement cited in the report said the company had developed enhanced surveillance, market supervision and clearing procedures, and would add rules for intermediated trading before launch.

The approval could enable Polymarket to resume US trading through futures commission merchants, subject to its planned pre-launch measures.

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Deals & M&A

DraftKings expands prediction-market push in California

DraftKings is promoting its DraftKings Predictions platform in California and pursuing expansion in Georgia, Texas and Florida, according to the report. The article says prediction-market operators argue their products fall under Commodity Futures Trading Commission regulation rather than state gambling laws, a position disputed by some state regulators. It also reports that the debate has divided the gambling industry.

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