Polymarket CEO Shayne Coplan said the firm “has been given the green light to go live in the USA” by the U.S. Commodity and Futures Trading Commission (CFTC).

“Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing,” Coplan said in an X post on Wednesday.

This story is an excerpt from the Unchained Daily newsletter.

The CFTC issued a no-action letter on Wednesday concerning Polymarket’s event contracts, providing the regulatory clarity needed for Polymarket to legally operate in the U.S.

The clearance enables Polymarket to launch its U.S. platform, which is backed by its acquisition of QCX, a CFTC-licensed derivatives exchange and clearinghouse, allowing regulated prediction contract trading.

Last November, Coplan’s New York City home was raided by the U.S. Federal Bureau of Investigation (FBI) as regulators looked into whether Polymarket operated as an unauthorized commodity exchange and if it allowed U.S. users to place bets in violation of a prior settlement with federal authorities.