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Polymarket Seeks CFTC Clearance for Direct On-Chain US Exchange Access
Polymarket is seeking CFTC approval to bring its main exchange onshore in the US, following a $112 million QCEX acquisition in 2025 and subsequent CFTC approvals. The main platform currently settles trades on Polygon in USDC, while Polymarket US offers intermediated access through brokerages. Whether the CFTC will accept on-chain settlement, USDC collateral, and a broader market scope remains unresolved.