CFTC Grants Regulatory Relief to Polymarket, Gemini, PredictIt, and LedgerX on Data Reporting Rules

The U.S. Commodity Futures Trading Commission (CFTC) has issued no-action relief to several prominent trading platforms, including Polymarket, Gemini, PredictIt, and LedgerX. This temporary relief pertains to specific data reporting and recordkeeping requirements under CFTC regulations. The decision allows these platforms to continue operations without immediate enforcement action related to these rules, providing them with regulatory breathing room. This move is seen as a significant development for the crypto and prediction market sectors, indicating a pragmatic approach by the regulator as it navigates the evolving landscape of digital asset and event-based trading. The relief underscores the CFTC's ongoing efforts to engage with innovative financial technologies while maintaining market integrity.