Overview
- Polymarket has asked the Commodity Futures Trading Commission to lift the ban that blocks U.S. traders from its main exchange, following talks reported by Bloomberg.
- The platform curtailed U.S. access in 2022 when it settled a CFTC case, paid a $1.4 million penalty, and shifted its core market offshore.
- The decision turns on a commission vote at an agency that now has only one sitting member, Chair Michael Selig.
- In November, the CFTC cleared a separate U.S.-only site after Polymarket bought QCX LLC in 2025, though the company has not announced a public launch.
- Scrutiny continues from states that view such markets as unlicensed gambling and from prosecutors who allege a U.S. soldier used a VPN to make more than $400,000 from trades tied to classified information.