The United States Product Future Trade Commission has released the QCX acquisition of the Polymarket prediction firm of certain dissemination and data requirements as the company advances in its commercial offers in the United States.
QCX, who obtained his license to start operations in July before he was taken later that month by Polymarket, has been granted a “letter without action” of the CFTC, which allows him to operate specifically defined without attracting the attention of the application. The firm was acquired by Polymarket with the hope of its official return to the United States business, which was forced to leave in 2022 under the direction of the regulator.
Since then, the Polymket has emerged from a previous federal research interest, since the United States government has facilitated its tense relationship with this sector, and companies, also including the rival Kalshi, they have been given more free rein. The field, as a result, has begun to explode in visibility and use.
Wednesday’s decision of two relevant divisions within the CFTC, at the personnel level and not a commission ruling, “is similar to the previous non -action positions taken with respect to informing certain transactions of binary options and similar transactions,” said the agency. The letter does not explicitly add the prediction markets, but indicates its position in the “record maintenance regulations for event contracts.”
Although the United States Senate has not confirmed it, President Donald Trump’s candidate to direct the CFTC, former commissioner Brian Quintenz, has close links with Kalshi as a member of the Board and told legislators that binary event contracts offered in such companies are appropriate “coverage tools.” Even without its arrival, the agency has been adopting a more friendly position, with the interim president Caroline Pham saying that the CFTC has been allowed to be bogged down in a “sink of legal uncertainty” as he pursued legal cases against the industry.
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