CFTC Issues No-Action Relief on Recordkeeping to Four Platforms

The U.S. Commodity Futures Trading Commission (CFTC) has issued no-action letters to Polymarket, PredictIt, Gemini, and LedgerX/MIAX, granting conditional relief from certain recordkeeping and data-reporting requirements, according to a report by Wu Blockchain. The letters state that the CFTC will not take enforcement action over specified obligations if the platforms comply with detailed conditions set out in the relief, allowing them to continue offering prediction markets and derivatives services under those terms. The development comes amid ongoing regulatory scrutiny of prediction markets in the United States.