Polymarket’s Triumph: CFTC Gives Green Light for U.S. Comeback

Are you ready for some exciting news in the crypto world? Polymarket, the leading crypto prediction market globally, has just received the green light from the U.S. Commodity Futures Trading Commission (CFTC) for its official return to the United States.

The Seal of Approval

Breaking Down the Approval

Polymarket is celebrating as the CFTC issues an Amended Order of Designation, allowing the platform to run an intermediated trading system compliant with all U.S. exchange regulations.

Empowering Users and Brokerages

This milestone means that Polymarket can now facilitate direct trading for both brokerages and individual customers. Through futures commission merchants (FCMs), users gain access to traditional custody services, reporting mechanisms, and market infrastructure.

The Path to Compliance

Founder's Perspective

Shayne Coplan, the brains behind Polymarket, emphasized the platform's commitment to clarity amidst uncertainty. With the CFTC's nod, Polymarket is stepping up to meet the U.S. regulatory standards head-on, promising a transparent and mature exchange experience.

Enhanced Systems for the Future

Polymarket has revamped its operations to align with the new order, introducing upgraded surveillance, market supervision policies, clearing procedures, and regulatory reporting practices.

Bitcoin on Board

Expanding Payment Options

Adding to the excitement, Polymarket now supports bitcoin deposits, making it easier for users to fund their accounts alongside stablecoins like USDC and USDT.

Looking Ahead

Major Investments and Expansion

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is eyeing a substantial $2 billion investment in Polymarket, potentially valuing the platform between $8 billion and $10 billion.

From Dorm Room to Billionaire

At just 27, Shayne Coplan has made waves by becoming the youngest self-made billionaire, transforming Polymarket from a startup he built in his bathroom after dropping out of NYU.

Competition and Growth

Competitor Kalshi, also a major player in the prediction market realm accepting bitcoin, recently raised $300 million at a $5 billion valuation, with plans to expand its reach to over 140 countries and increase annual trading volume significantly.

Exciting times lie ahead for Polymarket and the crypto community as a whole. Stay tuned for more updates on this groundbreaking journey!

Frequently Asked Questions

What are the 3 types of IRA?

There are three basic types for IRAs. There are three types of IRAs: Roth, Traditional, and SEP. Each has its own advantages and disadvantages. We'll go over each of them below.

Traditional Individual Retirement Accounts (IRA)

A traditional IRA allows pre-tax money to be contributed to an account. This allows you to earn interest and defer taxes. The account can be withdrawn tax-free once you are retired.

Roth IRA

Roth IRAs allow you after-tax dollars to be deposited into an account. Any earnings will grow tax-free. When you withdraw funds from the account for retirement purposes, withdrawals are also exempted from tax.

SEP IRA

This is similar to a Roth IRA, except that it requires employees to make additional contributions. The additional contributions are taxed but earnings remain tax-deferred. If you leave the company, you can convert the entire amount to a Roth IRA.

Which type is best for an IRA?

When selecting an IRA for yourself, the most important thing is to find one that meets your lifestyle and goals. Consider whether you are looking to maximize tax-deferred growth, minimize taxes and pay penalties later, avoid taxes, or both.

The Roth option can be a smart choice if your retirement savings are limited and you don't have any other investments. It's also worth considering if your plan is to work after the age of 59 1/2.

If you plan to retire early, the traditional IRA might make more sense because you'll likely owe taxes on the earnings of those funds. If you are going to be working beyond 65 years old, the traditional IRA may make more sense because you can withdraw all or part of your earnings without having to pay taxes.

Are gold and Silver IRAs a good idea or a bad idea?

This could be a great opportunity for those who want to easily invest in both gold or silver simultaneously. But there are other options. You can contact us at any time with questions about these types investments. We are always available to assist you!

How Do You Make a Withdrawal from a Precious Metal IRA?

If you have a precious IRA company such Goldco International Inc. account, you may be tempted to withdraw your funds. This way, when you decide to sell your metals, they will still be worth much more than if you had left them inside the account.

If you are unsure how to withdraw money from your precious metal IRA, here is what you need to know.

First, verify that your precious metal IRA allows withdrawals. Some companies will allow withdrawals, while others won't.

Second, determine whether you can take advantage of tax-deferred gains by selling your metals. This benefit is available from most IRA providers. Some do not, however.

Third, make sure to check with your precious metal IRA provider if there are any fees associated with these steps. You may have to pay an additional fee for the withdrawal.

Fourth, you should keep track of precious metal IRA investments for at minimum three years after they are sold. This means that you must wait until January 1st of each year to calculate capital gain on your investment portfolio. Then file Form 8949, which provides instructions for calculating the amount of gain you realized.

In addition to filing Form 8949, you must also report the sale of your precious metals to the IRS. This will ensure that you pay taxes on any profit earned from your sale.

Finally, consult a trusted accountant or attorney before selling your precious metals. They will ensure you are following all the procedures and avoid making costly mistakes.

What precious metals are permitted in an IRA

The most commonly used precious metal in IRA accounts is, of course, gold. Also available as investments are bars and bullion gold coins.

Precious metals, which don't lose any value over time, are considered safe investments. They're also considered a great way to diversify an investment portfolio.

Precious metallics include platinum, silver and palladium. These three metals all have similar properties. Each metal has its own use.

For example, platinum is used in making jewelry. For the creation of catalysts, palladium can be used. To produce coins, silver can be used.

When deciding which precious metal to choose, consider how much you expect to spend on your gold. You might be better off buying gold that costs less per ounce.

You also need to think about whether your investment is private. If you have the desire to keep your investment private, palladium might be the best choice.

Palladium can be more valuable than gold. It's also more rare than gold. It is likely you will need to pay more.

Storage fees are another important consideration when choosing between silver and gold. You store gold by weight. If you have larger amounts of gold to store, you will be charged more.

Silver can be stored by volume. You'll be charged less for smaller amounts.

All IRS rules concerning gold and silver should be followed if your precious metals are stored in an IRA. This includes keeping track and reporting transactions to the IRS.

Statistics

Silver must be 99.9% pure • (forbes.com)
To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
Depending on your financial situation, most experts recommend you invest no more than 5% to 10% of your retirement funds in precious metals. (forbes.com)

External Links

How To

Precious metals approved by the IRA

IRA-approved precious materials are excellent investments whether you're looking for ways to save money for retirement or to invest in your next business venture. Diversifying your portfolio can protect you from inflation with a variety of options, including silver coins and gold bars.

Precious metal investment products come in two main forms. Because they are tangible, physical bullion products like bars and coins can be considered assets. ETFs, on the other hand are financial instruments that track price movements of an underlying asset such as gold. ETFs trade just like stocks, and investors can purchase shares from the company that is issuing them.

There are various types of precious metals available for purchase. Silver and gold are commonly used for jewellery making and decoration. However, platinum and palladium tend to be associated with luxury goods. Palladium has a tendency to retain its value longer than platinum making it an ideal choice for industrial uses. While silver can also be useful in industrial applications, it is often preferred for decorative purposes.

Because of the costs involved in mining and refining raw material, physical bullion products can be more costly. They are safer than paper currencies, and offer buyers greater security. For example, consumers can lose confidence in the currency or look for alternative currencies when the U.S. dollars loses its purchasing power. In contrast, physical bullion products do not rely on trust between countries or companies. They are instead backed by central banks and governments, which gives customers security.

The supply and demand for gold affect the price of gold. In other words, demand drives the price up. However, supply is greater than demand and prices fall. This dynamic opens up opportunities for investors who want to profit from fluctuations of the price gold. Investors who own physical bullion products benefit from these fluctuations because they receive a higher return on their money.

Precious metals are not affected by interest rate changes or economic recessions, unlike traditional investments. The price of gold is likely to continue rising as long the demand for it remains strong. This is why precious metals are considered safe havens when times are uncertain.

The most well-known precious metals are:

Gold – This is the oldest kind of precious metal. It is often called “yellow gold”. While gold is a familiar name, it is an extremely rare element that is found underground. Most of the world's gold reserves are in South Africa, Australia, Peru, Canada, Russia, and China.
Silver – Silver is second most valuable precious metal, after gold. Silver is also mined from natural resources, just like gold. However, silver is usually extracted from ore and not from rock formations. Because of its malleability and durability, as well resistance to tarnishing and conductivity, silver is widely used by industry and commerce. Over 98% of global silver production is produced in the United States.
Platinum – Platinum is the third-most valuable precious metal. It can be used for industrial purposes, such as in fuel cells and catalytic converters. In dentistry, platinum is used to make bridges, crowns, and fillings.
Palladium – Palladium ranks fourth in the list of most valuable precious metals. Due to its strength and stability, it is quickly gaining popularity among manufacturers. Palladium is also used for electronics, aerospace, military technology and automobiles.
Rhodium- Rhodium, the fifth most precious precious metal, is also known as Rhodium. Rhodium is an extremely rare metal. However, its use for automotive catalysts makes it highly desirable.
Ruthenium – Ruthenium is the sixth most valuable precious metal. While there are only limited supplies of platinum and palladium, ruthenium is plentiful. It is used to make steel and engines for aircraft, as well chemical manufacturing.
Iridium – Iridium ranks seventh in the list of most valuable precious metals. Iridium is an important component in satellite technology. It is used in the construction of orbiting satellites that transmit TV signals and telephone calls.
Osmium: Osmium is eighth most valuable precious metallic. Osmium has a high resistance to extreme temperatures, which is why it is used frequently in nuclear reactors. Osmium is also used to make jewelry, medicine, and cutting tools.
Rhenium – Rhenium is the 9th most valuable precious metal. Rhenium can be used to refine oil and gas, make semiconductors and rocketry.
Iodine- Iodine ranks as the tenth most precious precious metal. Iodine is used in photography, radiography, and pharmaceuticals.

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By: Micah Zimmerman
Title: Polymarket's Triumph: CFTC Gives Green Light for U.S. Comeback
Sourced From: bitcoinmagazine.com/business/polymarket-receives-cftc-approval
Published Date: Tue, 25 Nov 2025 17:49:41 +0000