Polymarket seeks CFTC approval to reopen main exchange to U.S. traders

If approved, the move would help Polymarket compete with Kalshi in the U.S. and bring more event-trading activity under CFTC regulatory oversight.\nWhat to know : Polymarket is seeking CFTC approval to lift the ban on U.S. users from its main, overseas prediction market, a restriction stemming from a 2022 settlement. If approved, the move would help Polymarket compete with Kalshi in the U.S. and bring more event-trading activity under CFTC regulatory oversight. The CFTC must vote on the matter, a process simplified by four vacant seats. The talks also follow a high-profile insider trading case on the platform.