# Polymarket Cleared for U.S. Return by CFTC

*Author: Bankless*
*Published: Sep 3, 2025*
*Source: https://www.bankless.com/read/polymarket-cleared-for-u-s-return-by-cftc*

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Polymarket, the crypto-native prediction market platform, has officially received regulatory clearance to operate in the U.S., following a no-action letter issued by the Commodity Futures Trading Commission (CFTC). 

### **What’s the Scoop?**
- **Greenlight from regulators:** The CFTC’s Divisions of Market Oversight and Clearing and Risk issued a no-action position regarding swap data and recordkeeping rules tied to Polymarket’s event contracts, enabling the company to operate under specific conditions through QCX, a regulated derivatives exchange it recently acquired.
- **Backed by Trump Jr. and Musk’s X:** Polymarket gained momentum after Donald Trump Jr. joined as an investor and advisor in July. That same month, Elon Musk’s X platform said it was “joining forces” with the company.
- **User activity surging again:** Polymarket reported a 44% month-over-month rise in new markets during July, reaching 11,500, though still below its January peak. The 2024 U.S. election cycle continues to drive growth in onchain prediction markets.
- **CEO confirms the move:** 

> Polymarket has been given the green light to go live in the USA by the [@CFTC](https://twitter.com/CFTC?ref_src=twsrc%5Etfw).Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing.Stay tuned [https://t.co/NVziTixpqO](https://t.co/NVziTixpqO)— Shayne Coplan 🦅 (@shayne_coplan) [September 3, 2025](https://twitter.com/shayne_coplan/status/1963280673709625346?ref_src=twsrc%5Etfw)
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