U.S. CFTC Gives Go-Ahead For Polymarket's New Exchange, QCX

The predictions marketplace steadfast had precocious acquired the CFTC-regulated platform, and present the regulator has granted it definite concessions.

Sep 3, 2025, 5:07 p.m.

The U.S. Commodity Futures Trading Commission has freed up prediction marketplace steadfast Polymarket's QCX acquisition from definite disclosure and information requirements arsenic the institution moves guardant successful its U.S. concern offerings.

QCX, which got its licence to commencement operations successful July earlier it was snatched up aboriginal that period by Polymarket, has been granted a "no-action letter" from the CFTC, allowing it to run successful specifically defined ways without drafting enforcement attention. The steadfast was acquired by Polymarket successful hopes of its authoritative instrumentality to U.S. business, which it was forced to wantonness successful 2022 nether absorption from the regulator.

Polymarket has since emerged from earlier national investigative interest arsenic the U.S. authorities has eased its tense narration with this sector, and companies — besides including rival Kalshi — person been fixed much escaped rein. The field, arsenic a result, has begun to detonate successful visibility and usage.

Wednesday's determination from 2 applicable divisions wrong the CFTC — astatine the unit level and not a committee ruling — "is akin to erstwhile no-action positions taken with respect to reporting definite binary options transactions and akin transactions," the bureau noted. The missive doesn't explicitly code prediction markets, but it notes its presumption connected the "recordkeeping regulations for lawsuit contracts."

Though helium hasn't been confirmed by the U.S. Senate, yet, President Donald Trump's nominee to tally the CFTC, erstwhile Commissioner Brian Quintenz, has close ties to Kalshi arsenic a committee subordinate and told lawmakers that the binary lawsuit contracts offered astatine specified firms are due "hedging tools." Even without his arrival, the bureau has been taking a friendlier stance, with Acting Chairman Caroline Pham saying the CFTC has fto itself get bogged down successful a "sinkhole of ineligible uncertainty" arsenic it pursued ineligible cases against the industry.

Read More: Robinhood Partners With Kalshi to Launch NFL and College Football Prediction Markets

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