CFTC Issues No‑Action Relief to Polymarket, PredictIt, Gemini and LedgerX

The U.S. Commodity Futures Trading Commission issued no‑action letters to Polymarket, PredictIt, Gemini and LedgerX, easing certain swap‑related recordkeeping and reporting duties under narrow conditions. Platforms must fully collateralize contracts, clear through designated processes, and publish executed contract data. The guidance does not constitute blanket approval and targets prediction markets structured as derivatives.