Polymarket Unit Wins Futures Broker Approval
Polymarket received approval from the National Futures Association for a unit to operate as a futures broker. The company still requires final clearance from the Commodity Futures Trading Commission to expand its operations.
Polymarket secured National Futures Association approval for its PM Derivatives unit to operate as a futures commission merchant on Monday afternoon. The milestone clears a regulatory hurdle as the online prediction market seeks to expand its operations in the United States. The expansion depends on subsequent clearance from the Commodity Futures Trading Commission.
