Polymarket to offer earnings markets after U.S. approval
Polymarket announced plans to add prediction markets for corporate earnings as it prepares to re-enter the U.S. market following regulatory approvals and an acquisition that provides U.S. trading and clearing infrastructure.
The prediction market operator will list markets that let users trade on company quarterly results and other corporate metrics. This expands beyond the sports, politics and macroeconomic events Polymarket previously hosted.
Polymarket restricted U.S. access in 2022 amid regulatory scrutiny. The company is returning after the Commodity Futures Trading Commission (CFTC) granted a no-action letter that waives certain recordkeeping and reporting requirements for some event contracts.
The clearance came after Polymarket agreed to acquire QCEX for $112 million. QCEX includes the Florida derivatives exchange QCX and its affiliated clearinghouse, providing a regulated U.S. entity for Polymarket's operations.
Polymarket restricted U.S. access in 2022 amid regulatory scrutiny. The company is returning after the Commodity Futures Trading Commission (CFTC) granted a no-action letter that waives certain recordkeeping and reporting requirements for some event contracts.
The clearance came after Polymarket agreed to acquire QCEX for $112 million. QCEX includes the Florida derivatives exchange QCX and its affiliated clearinghouse, providing a regulated U.S. entity for Polymarket's operations.
Company filings show Polymarket plans to use the QCEX infrastructure to host event contracts, including company-level earnings forecasts. The markets will allow participants to take positions on whether firms beat, meet or miss consensus results.
The CFTC's no-action letter reduces regulatory burdens that previously limited such listings for U.S. users. The approval provides a legal pathway for Americans to trade opinion-based contracts on a regulated U.S. venue.
Polymarket drew heavy activity during recent major U.S. political events but curtailed American user access after enforcement scrutiny. The platform processed over $3 billion in trading volume during the 2024 election cycle before implementing geographic restrictions.
The acquisition of a CFTC-licensed exchange marks a regulatory turning point for prediction markets. Industry participants say this could open the door for new event categories, including corporate earnings to be offered to U.S. traders under a regulated framework.
Polymarket has not disclosed launch dates for the earnings markets or which companies will be included in initial offerings.
The CFTC's no-action letter reduces regulatory burdens that previously limited such listings for U.S. users. The approval provides a legal pathway for Americans to trade opinion-based contracts on a regulated U.S. venue.
Polymarket drew heavy activity during recent major U.S. political events but curtailed American user access after enforcement scrutiny. The platform processed over $3 billion in trading volume during the 2024 election cycle before implementing geographic restrictions.
The acquisition of a CFTC-licensed exchange marks a regulatory turning point for prediction markets. Industry participants say this could open the door for new event categories, including corporate earnings to be offered to U.S. traders under a regulated framework.
Polymarket has not disclosed launch dates for the earnings markets or which companies will be included in initial offerings.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
