The prediction platform Polymarket recently obtained authorization from the U.S. Commodity Futures Trading Commission (CFTC) to run an intermediated trading platform.

In an announcement on Tuesday, Polymarket disclosed that the CFTC granted an Amended Order of Designation enabling the company to “operate an intermediated trading platform subject to the full set of requirements applicable to federally regulated U.S. exchanges.” This milestone allows Polymarket to onboard brokerages and customers directly, thereby facilitating trading on U.S. venues.

“This approval allows us to operate in a way that reflects the maturity and transparency that the U.S. regulatory framework demands,” cited Polymarket founder and CEO Shayne Coplan.

Polymarket Source: Polymarket

The regulatory go-ahead arrived about five months following the conclusion of a CFTC and U.S. Department of Justice inquiry into whether Polymarket accepted trades from users based in the U.S. Reports indicate that the FBI executed a raid on Coplan’s residence during the investigation, where electronic devices were seized.

The platform will be monitored and regulated by the CFTC while operating in the U.S. Additionally, a market structure bill under consideration in Congress could potentially enhance the CFTC’s jurisdiction over digital assets.

CFTC Leadership in Transition

The CFTC’s notification arrives under the leadership of acting chair Caroline Pham, as the U.S. Senate prepares to cast its vote on SEC official Michael Selig’s nomination for the position of chair of the commodities regulator.

Even if Selig is confirmed, there will remain four unfilled commissioner seats in the CFTC. As of the latest update, U.S. President Donald Trump has not introduced any nominees for these vacant positions.