The world’s largest decentralized prediction market, Polymarket, has received its highly anticipated approval by the Commodity Futures Trading Commission (CFTC) to operate in the United States.

According to PRNewswire, the CFTC has issued an Amended Order of Designation that allows the market to launch for both brokerages and users in the United States via FCMs (Futures Commission Merchants) and “traditional market infrastructure.”

The approval comes as prediction markets experience a Cambrian explosion, with total volumes on both Polymarket and Kalshi on track to break all-time highs again in November on the back of the NYC Mayoral Election and newfound success in sports betting.

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