Polymarket can go live in the US following CFTC ruling, CEO says

The Block

Polymarket, the crypto-based prediction markets platform that rose to prominence during the 2024 presidential election, has been cleared to enter the United States.

The Commodity Futures Trading Commission’s Division of Market Oversight and the Division of Clearing and Risk said Wednesday they have taken a no-action position regarding swap data reporting and recordkeeping regulations for event contracts in response to a request from QCX, a designated contract market, and QC Clearing, a derivatives clearing organization.

The no-action letter applies in "narrow circumstances", the statement said, and is comparable to no-action letters issued for other similarly situated designated contract markets and derivatives clearing organizations. After a federal investigation was dropped earlier this summer, Polymarket said in July it planned to re-enter the U.S. with the acquisition of derivatives exchange QCEX.

"The divisions will not recommend the CFTC initiate an enforcement action against either entity or their participants for failure to comply with certain swap-related recordkeeping requirements and for failure to report to swap data repositories data associated with binary option transactions and variable payout contract transactions executed on or subject to the rules of QCX LLC and cleared through QC Clearing LLC, subject to the terms of the no-action letter," the statement said.

"Polymarket has been given the green light to go live in the USA by the @CFTC," Polymarket CEO Shane Coplan wrote in a post on X. "Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing. Stay tuned."

Donald Trump Jr. invested in Polymarket and joined the advisory board last month. In June, Elon Musk’s X said it was “joining forces” with the prediction platform.

The number of new markets on Polymarket surged in July, with over 11,500 markets representing a 44% month-over-month increase, although a far cry from their January peak.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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SEC and CFTC Issue Joint Crypto Guidance; Could the UK Take Similar Steps?

Finance Magnates

Staff from two U.S. financial agencies issued a joint statement yesterday (Tuesday). The statement came from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The statement clarifies the staff's view on trading specific crypto products. It notes that exchanges registered with the SEC or CFTC are not banned from facilitating trades in certain spot commodity products, including some crypto assets.

By contrast, UK regulators have taken a more cautious approach. Retail access to spot crypto trading remains limited, and no comprehensive framework exists for mainstream exchange listings, although the FCA is proposing to lift the ban on crypto exchange-traded notes.

Industry Reaction

Nick Jones, Zumo’s Founder and CEO, Source: LinkedIn

Commenting on the announcement, Zumo’s Founder and CEO Nick Jones said: “It’s only right that market participants have the freedom to choose where they trade spot crypto assets – and now they will have access to some of the world’s largest venues, such as the NYSE and Nasdaq.”

He added: “It’s yet another example of the US deliberately and proactively embedding crypto in the mainstream while cementing its leadership in an industry that will come to redefine financial services.”

Jones contrasted the U.S. approach with other major economies: “While UK legislators and regulators shy around taking any proactive crypto position, it's a reminder that those unashamed to demonstrate pro-crypto leadership are cornering this emerging area of innovation and growth."

Legal Perspective

Legal experts remain cautious about the statement’s implications. Bill Morgan, a digital asset lawyer, questioned its practical impact: “How does this help crypto exchanges? They’re all pretty much still unregulated and not registered with the SEC despite the end of the SEC lawsuits. Not sure but maybe Coinbase has some trading activities registered with the CFTC.”

bill morgan
@Belisarius2020
How does this help crypto exchanges? They’re all pretty much still unregulated and not registered with the SEC despite the end of the SEC lawsuits. Not sure but maybe Coinbase has some trading activities registered with the CFTC https://t.co/siRNb2Rr0L
Sep 02, 2025

Market Outlook

Matthew Sigel, VanEck's head of digital assets research, stated on X: “The NYSE, Nasdaq, CBOE, CME, etc, will soon have spot trading for BTC, ETH, and more.” The comment reflects expectations that major U.S. exchanges could offer spot trading for leading cryptocurrencies.

matthew sigel, recovering CFA
@matthew_sigel
🚨 The NYSE, Nasdaq, CBOE, CME, etc, will soon have spot trading for BTC, ETH, and more. https://t.co/qZo3YsYDQA
Sep 02, 2025

Regulatory Leadership Comments

SEC Chairman Paul Atkins described the statement as a “significant step,” noting: “Market participants should have the freedom to choose where they trade spot crypto assets.”

CFTC Acting Chairman Caroline D. Pham said the previous administration sent mixed signals on digital asset regulation: “Today’s joint agency statement is the latest demonstration of our mutual objective of supporting growth and development in these markets, but it will not be the last.”

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Totakeke (TOTAKEKE) - Poloniex Listing - 04 Sep 2025

CoinMarketCal

Totakeke's listing on Poloniex is important because it puts the coin in front of more crypto traders. Poloniex has many users, so TOTAKEKE can get more buyers and sellers, often increasing trading and possibly price. Listings on bigger exchanges sometimes cause the price to rise fast as more people learn about it and try to get in early. The effect may not stay long if there is no real project interest or updates. Traders should watch for quick moves in price and volume on the listing day. source

Poloniex Exchange
@Poloniex
Poloniex $TOTAKEKE Listing @totakekedogeth
Wallet Enabled: Sep 3rd at 12:00 UTC
Full trade: Sep 4th at 05:00 UTC https://t.co/Jdsdyk0w0A https://t.co/9m1WUySyzT
Sep 03, 2025

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Tradoor (TRADOOR) - Bitget Listing - 04 Sep 2025

CoinMarketCal

Tradoor is being added to Bitget, a large exchange. When new coins are listed, this often brings fresh traders and sometimes sharp price jumps. People might buy quickly to be early, pushing up the price. If there is little ongoing interest, the price can also fall soon after. Watch for high trading volume, as this is often a signal for price changes. The impact depends if Tradoor has strong supporters or project news. It can be a major time for active price movement short-term. source

Bitget ️️
@bitgetglobal
Initial Listing - $TRADOOR @tradoor_io
Pair: TRADOOR/USDT
Deposit available: Now
Trading available: Sep 4, 14:00 (UTC)
Details: https://t.co/kLeHsKAc2g pic.twitter.com/yK4poKQrMH
Sep 03, 2025

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Gata (GATA) - Bitget Listing - 04 Sep 2025

CoinMarketCal

The listing of Gata on Bitget can help bring more attention and trading activity to GATA. Bitget is a known exchange, so new users can now buy and sell this coin. This may cause short-term price moves from higher demand, as more people see the coin and may try to buy before others. But long lasting growth will depend on how Gata grows and if there is real interest. Sometimes, price may drop after the excitement slows. It is important to watch trading volume in the first days. source

Bitget ️️
@bitgetglobal
Initial Listing - $GATA @Gata_xyz
Pair: GATA/USDT
Deposit available: Now
Trading available: Sep 4, 12:00 PM (UTC)
Details: https://t.co/BQw1O0md5s pic.twitter.com/Sx9zFFwLvA
Sep 03, 2025

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Filecoin to Host Community Call on September 4th

Coindar

Filecoin will host a community call on Google Meet. The team will review project developments from July, outline objectives for August and present new specialized roles for community members. The event will take place on September 4th at 22:00 UTC.

FIL Info

Filecoin is a decentralized storage system that aims to "store humanity's most important information". The project raised significant funds via an initial coin offering (ICO) in 2017. Filecoin is the digital token that is used as payment for storage or retrieval of data within the network. The network uses a unique proof-of-storage system where miners earn more by sharing more storage, and the data they store is constantly verified to ensure its correctness. Filecoin competes with centralized storage systems such as Amazon S3, and allows individuals to monetize their spare storage space on the network.

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Powerledger to Make Announcement

Coindar

Powerledger will make an announcement on September 3rd.

POWR Info

Power Ledger is a technology enterprise focused on shaping a sustainable future by offering software solutions for decentralized energy markets. Originating from Australia, it leverages blockchain technology to facilitate energy, flexibility services, and environmental commodities trading. The overarching objective is to transition to a modernized energy grid, emphasizing consumer choice and power democratization.

The company’s technological architecture operates on dual blockchain layers: the public Ethereum blockchain and a proprietary consortium blockchain called EcoChain™. To serve its global client base, spanning over 11 countries, Power Ledger has curated a suite of products like uGrid, xGrid, TraceX, and Vision, among others. These offerings, which are scalable and can be contracted individually, are clustered into three foundational pillars: energy trading & traceability, flexibility trading, and environmental commodities trading.

The POWR token, conforming to the ERC-20 standard, functions as an access license. It’s indispensable for businesses such as utilities, renewable energy entities, and firms committed to green energy to utilize Power Ledger’s platform.

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