Polymarket is seeking approval from the Commodity Futures Trading Commission (CFTC) to bring its main prediction market back to U.S. users.
The company has discussed lifting its ban on U.S.-based traders with CFTC officials in recent weeks, Bloomberg reported.
The ban has been in place since Polymarket reached a 2022 settlement with the agency and moved its main exchange overseas.
The CFTC cleared a separate U.S.-only Polymarket platform last November after the company acquired a registered exchange. That site has yet to fully launch.
The CFTC would need to vote before it could remove Polymarkt’s U.S. block. That process may be simpler now because four commission seats are vacant, leaving Chairman Michael Selig as the only sitting commissioner.
The talks also come after authorities accused a soldier of using a Virtual Private Network (VPN) to access Polymarket’s international exchange and make more than $400,000 from trades based on classified information.
Source: X.com
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