Polymarket is in active talks with the U.S. Commodity Futures Trading Commission (CFTC) to remove a ban that has kept its primary blockchain-based exchange away from American traders since 2022, Bloomberg reported.
Key Takeaways:
Polymarket held discussions with the CFTC in recent weeks to lift its 2022 ban and bring its main exchange to U.S. users. A full U.S. return could pit Polymarket directly against Kalshi, deepening competition in a sector processing billions monthly. CFTC Chair Michael Selig holds the lone commissioner seat, meaning approval may hinge on a single vote. Polymarket Asks CFTC to Unlock Main Exchange for American TradersThat gap appears to be driving the latest push. People familiar with the discussions told Bloomberg that the talks center on integrating the primary exchange’s blockchain-based operations with the domestic QCX licenses, potentially merging the two under a single regulatory framework.
The CFTC did not immediately comment on the discussions. Polymarket also declined to comment.
