CFTC gives the green light to four platforms: Polymarket receives regulatory exemption letter

2025-12-12 02:28:26

【BlockBeats】The U.S. Commodity Futures Trading Commission (CFTC) recently issued a “No-Action Letter” to Polymarket, PredictIt, Gemini, and LedgerX/MIAX.

What does this mean? Simply put, these platforms in certain cases are not required to fully comply with some record-keeping regulatory requirements, and can even settle contracts through third-party clearing members.

The official statement from the CFTC is more straightforward—they will not take action against these platforms for two reasons: one is if they fail to meet the record-keeping requirements related to swap transactions; the other is if trading data of binary options is not reported to the swap data repository.

But don’t get too excited; the scope of this exemption letter is actually quite narrow. The CFTC emphasized that it applies only to “very limited circumstances,” similar in nature to previous letters issued to other designated contract markets and derivatives clearing organizations. In plain terms, the regulations still apply where needed—this is just some flexibility on specific details.

For the prediction market sector, it’s a positive signal—regulation is gradually clarifying the rules rather than applying a one-size-fits-all approach.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
5
Repost
Share

Comment

0/400

NFTHoarder

· 14h ago

What is a "No Action Letter"... Basically, it's just regulators turning a blind eye. Polymarket really went all out with this move, but what's the use of such a narrow exemption... CFTC's move seems to be trying to open a door for prediction markets, but it feels like there will still be surprises later on. In regulation, having an exemption means it can be revoked at any time, so be cautious.

View OriginalReply0

GasFeeSurvivor

· 14h ago

Regulatory exemption letters sound impressive, but they actually just define a very small sandbox... Don't be fooled.

View OriginalReply0

MentalWealthHarvester

· 14h ago

Haha, is the CFTC opening a backdoor for big platforms or what? The exemption sounds impressive but actually just has restrictions. --- Polymarket finally got recognized, but I think the value of this exemption letter is just so-so. --- It's "no action taken" again, so it's basically turning a blind eye? Is this how regulation works? --- Record keeping exemptions are granted, the CFTC's review standards are really lenient, but they have money and influence. --- These few companies receiving exemption letters feel like cheating on an exam and being let go by the teacher, while other small platforms are crying to death. --- The phrase "very limited circumstances" sounds like it's meant to appease other projects, but in reality, it's still favoring the big players. --- Outsourcing clearing, record exemptions... feels like regulation is helping them cut costs.

View OriginalReply0

FortuneTeller42

· 14h ago

Well, this wave of exemption letters doesn't seem that worth bragging about... It's just regulators turning a blind eye. Polymarket got a "limited exemption," sounds fancy but it's basically the same. Regulators are just playing the edge game again, I find it annoying. CFTC's move this time, to put it nicely, is flexible; to put it bluntly, it's selective enforcement. Giving exemptions to a few top platforms, what about the smaller ones? Is that fair? It's the same old story—platforms with backgrounds and resources get to lie low, while retail investors keep getting cut. Why do I feel like "not taking action" is even more dangerous than direct sanctions? What does it show? It just means you need to spend money to buy influence.

View OriginalReply0

GateUser-9f682d4c

· 15h ago

Haha, now Polymarket and the others can finally breathe a sigh of relief, but it doesn’t seem that attractive either, after all, there’s only so much exemption space. This exemption scope is way too narrow, it feels almost like there’s no exemption at all. Wait, is the CFTC indirectly approving prediction markets? I just want to know when it will be our turn, ordinary people, to use these platforms. Here we go again, regulators giving out candy with one hand and taking it away with the other, full of tricks. Whether you get to enjoy the exemption depends on how things develop afterward. Really? No need to keep complete records? Is this lowering the barrier to entry or hinting at risks? The Polymarket team should be celebrating with champagne now. Feels like this is just the appetizer; the real show is still to come. Doing nothing = default means you can keep doing whatever you want, interesting. These platforms really timed their moves just right.

View OriginalReply0

Trending TopicsView More
#GateNovTransparencyReportReleased
9.18K Popularity
#FedRateCutComing
659.39K Popularity
#PostonSquaretoEarn$50
58.15K Popularity
#BitcoinActivityPicksUp
13.32K Popularity
#CryptoMarketRebound
542.05K Popularity

Hot Gate FunView More

1
BTCBETABETA CRYPTO COIN
MC:$3.54KHolders:1
0.00%
2
GBNBGold BNB
MC:$3.74KHolders:3
0.83%
3
BABNBBinance
MC:$6.1KHolders:3
11.32%
4
NNB牛牛币牛牛币
MC:$3.58KHolders:3
0.09%
5
SILVSILVER
MC:$3.63KHolders:2
0.83%

Sitemap