Polymarket is set to re-enter the US market after receiving new regulatory approval from the Commodity Futures Trading Commission (CFTC). This transition follows a year marked by collaborations with X, Google, the NHL, and the UFC, along with weekly trading volumes exceeding $1 billion.

The firm has announced that it has obtained an Amended Order of Designation, enabling it to run an intermediated contract market platform in the United States. This authorization allows Polymarket to directly onboard US customers and brokerages. Furthermore, it is now authorized to partner with futures commission merchants and utilize infrastructure utilized in US futures trading.

Polymarket was compelled to exit the US market in 2022 after incurring a $1.4 million fine for operating without adequate registration. At that time, the company relocated its operations offshore while maintaining its headquarters in New York City.

The CFTC and the US Department of Justice conducted investigations to determine whether Polymarket continued to serve US users, concluding in July. In the same month, the company acquired a CFTC-regulated American derivatives exchange, bolstering its case for returning.

As part of the amended order, Polymarket has established surveillance systems, market oversight rules, clearing procedures, and regulatory reporting obligations compliant with designated contract markets. Additional regulations and processes necessary for intermediated trading will be established ahead of its official launch in the regulated landscape.

The company confirmed that it remains under the jurisdiction of the Commodity Exchange Act and all CFTC mandates governing designated contract markets, including self-regulatory responsibilities.

Last month, Polymarket’s trading volume surpassed $1 billion in just one week, driven by interest across politics, entertainment, current events, and various public subjects. The company also indicated that billions in predictions have been placed on its platform looking ahead to 2025.

In August, Donald Trump Jr. joined as an investor and became a member of the advisory board.

“Users trust Polymarket because we deliver clarity amid confusion and accountability when there is uncertainty,” stated Shayne Coplan, Founder and CEO of Polymarket. “This approval empowers us to operate in a manner that aligns with the maturity and transparency demanded by the US regulatory system. We appreciate the constructive dialogue with the CFTC and anticipate continuing to lead as a regulated US exchange.”