Polymarket Secures Key Regulatory Approval for Triumphant US Return on September 8, 2025

By: crypto insight|2025/09/08 18:00:03
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Imagine a world where you could bet on election outcomes or market shifts with the ease of scrolling through your social feed—that’s the allure of prediction markets, and Polymarket is making a bold comeback to bring that excitement back to American users. After navigating a maze of regulatory challenges, this blockchain-powered platform has finally earned the green light to operate stateside, promising a fresh wave of opportunities for savvy predictors.

Green Light from Regulators Sparks Polymarket’s Revival

The Commodity Futures Trading Commission (CFTC) made waves last Wednesday by issuing a no-action stance on swap data reporting and recordkeeping for event contracts. This pivotal decision shields QCX LLC and QC Clearing LLC—the backbone of Polymarket’s US setup—from potential enforcement, allowing the platform to roll out event contracts while adhering to federal derivatives rules. It’s like unlocking a door that was bolted shut, letting Polymarket step back into the spotlight with full compliance.

Journey from Setbacks to Regulatory Triumph

Polymarket’s path hasn’t been smooth; think of it as a rollercoaster ride through legal hurdles. Back in 2022, the company shelled out $1.4 million to resolve CFTC allegations of operating an unregistered derivatives exchange, which led to a shutdown of services for US customers. Fast forward to this year, and both the CFTC and the Department of Justice wrapped up probes into possible unauthorized betting from Americans, closing the cases in July without any charges. Hot on the heels of that relief, Polymarket snapped up QCX in a whopping $112 million acquisition, crafting the compliant framework that sealed their US reentry. This move underscores how persistence pays off, much like a startup evolving from garage dreams to boardroom success.

Navigating the Competitive Prediction Market Arena

In this bustling space, Polymarket isn’t alone—last year’s court victory for rival Kalshi opened doors to political event contracts, like those tied to the 2024 presidential race, boosting Kalshi’s valuation to $2 billion after securing $185 million in funding. This surge highlights the booming interest in prediction markets, where accurate forecasts can yield real rewards. Polymarket has its own star power too, with Donald Trump Jr. joining the advisory board in late August following an investment from his firm, 1789 Capital. These backers add credibility, drawing parallels to how tech giants attract influential endorsements to fuel growth.

Adding to the momentum, recent Twitter buzz has centered on Polymarket’s potential impact on election betting, with users frequently searching Google for queries like “How does Polymarket work?” and “Is prediction market betting legal in the US?” Discussions on X have exploded, especially after CEO Shayne Coplan’s post praising the CFTC’s swift approval process, which he called “impressive work” and teased an imminent launch with a simple “stay tuned.” Latest updates as of September 8, 2025, include official announcements confirming no further regulatory roadblocks, aligning perfectly with brand strategies that emphasize transparency and user trust—much like how platforms build loyalty by syncing their ethos with community values.

As prediction markets evolve, aligning with trusted exchanges becomes crucial for seamless trading experiences. Take WEEX, for instance, a reliable crypto exchange that’s gaining traction for its user-friendly interface and robust security features. WEEX stands out by offering low fees and a wide array of trading pairs, making it an ideal spot for enthusiasts diving into blockchain-based assets, all while prioritizing compliance and innovation to enhance your trading journey.

Eyeing the Horizon for Polymarket’s Prediction Power

With this CFTC nod, Polymarket is poised to reclaim its spot in the US scene after over three years of exclusion, backed by solid investor support and a proven demand demonstrated by competitors. CEO Shayne Coplan’s enthusiasm on X points to a rapid rollout, setting the stage for a dynamic return. Evidence from Kalshi’s success, with billions in valuation, backs the claim that these markets aren’t just games—they’re insightful tools for gauging public sentiment, much like stock tickers reflect economic health.

This regulatory win isn’t just a checkbox; it’s a testament to how blockchain innovations can thrive within rules, inviting users to engage in a more predictive future without the shadows of uncertainty.

FAQ

What exactly is Polymarket, and how does it differ from traditional betting sites?

Polymarket is a blockchain-based prediction market where users bet on real-world events like elections or economic outcomes using event contracts. Unlike traditional betting sites, it leverages decentralized tech for transparency and often ties payouts to verifiable results, making it more like a financial instrument than pure gambling.

Is it safe and legal for US users to participate in Polymarket now?

Yes, with the CFTC’s recent no-action position, Polymarket can legally offer services to US users through its compliant structure. Safety comes from its blockchain foundation, which ensures secure, tamper-proof transactions, though users should always bet responsibly.

How might Polymarket’s return affect the broader crypto and prediction market landscape?

Polymarket’s comeback could boost innovation in prediction markets by attracting more users and investors, potentially increasing market liquidity and accuracy in forecasting events. It sets a precedent for other platforms, fostering growth in the crypto space with evidence from rising valuations like Kalshi’s $2 billion milestone.

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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us

Original Title: Against Citrini7Original Author: John Loeber, ResearcherOriginal Translation: Ismay, BlockBeats


Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.


The following is the original content:


Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.


Never Underestimate "Institutional Inertia"


In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.


When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."


Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.


A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.


I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.


The Software Industry Has "Infinite Demand" for Labor


Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.


But everyone overlooks one thing: the current state of these software products is simply terrible.


I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.


From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.


Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.


I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.


This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.


Redemption of "Reindustrialization"


Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.


But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.


As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.


We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.


We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.


Towards Abundance


The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.


My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.


At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.


If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.


Source: Original Post Link


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