U.S. CFTC Approves Polymarket’s QCX Exchange with No-Action Letter

The U.S. Commodity Futures Trading Commission (CFTC) has issued a "no-action letter" for Polymarket's acquisition of QCX, easing certain disclosure and data requirements as the company reenters the U.S. market.

Key points include:

QCX received its operational license in July 2025 and was acquired by Polymarket shortly after.
The no-action letter allows Polymarket to operate without enforcement concerns under defined conditions.
This decision reflects a shift in the CFTC's approach towards prediction markets, previously stifled by regulatory scrutiny.
The agency aims to simplify regulations around event contracts, similar to past positions on binary options.
Polymarket's return follows the easing of federal investigations and a more favorable environment for prediction markets.

Despite not being confirmed, Brian Quintenz, nominee for CFTC chair, supports using binary event contracts as hedging tools. The CFTC is actively seeking to clarify its regulatory stance amid growing industry interest.