CFTC Granted Regulatory Flexibility to Polymarket and Others

Commodity Futures Trading Commission (CFTC) granted certain regulatory flexibility to firms engaged in prediction markets regarding derivatives compliance. This indicates that these firms will not face any penalties as long as they conduct trading for specific purposes.

As part of the announcement, Polymarket, PredictIt, Gemini, and LedgerX/MIAX received no-action letters. These letters mean that the firms will be able to comply with existing regulations in a more flexible manner.