Polymarket Pushes for CFTC Green Light to Resume U.S. Operations Following 2022 Ban
According to Bloomberg sources with knowledge of the situation, these discussions represent Polymarkets effort to reconnect American traders with its flagship offshore, blockchain-powered exchange. The trading prohibition originated from regulatory enforcement in 2022. The CFTC brought charges against Polymarket, operating at the time as Blockratize Inc., for providing unregistered event-based contracts to American participants without securing necessary regulatory permissions. The resolution included a $1.4 million civil monetary penalty and a commitment to exclude U.S.-based traders from the service. Prediction market platforms enable participants to trade contracts linked to upcoming events including political outcomes, athletic competitions, and economic indicators. These platforms have gained substantial attention while simultaneously facing examination from state authorities who contend they function as unregulated wagering operations. Following the 2022 resolution, Polymarket continued pursuing domestic market entry. In July 2025, the organization purchased QCX LLC, a federally registered derivatives marketplace and clearinghouse, in a transaction valued near $112 million. QCX underwent rebranding as Polymarket US. This acquisition provided American participants with a regulatory-compliant pathway to the platform via authorized brokerage firms. The CFTC granted a modified directive in late 2025 permitting restricted access for domestic users. A Domestic Platform That Has Not Matched the Main Exchange Polymarket introduced a preliminary domestic version concentrating on