https://www.cftc.gov/PressRoom/PressReleases/9038-25

Given that Trump has yet to even nominate a new CTFC head, which seems a pre-requisite, it will take some months before they are even confirmed and enter into office (Maybe June - August?). Following a transition period, it would also seem more likely than not to me that betting markets might not be given the highest priority, but even if they were fairly highly ranked, with less than I guess 6 months to go by that point, bureaucracy demands they take more than a few months for some internal processes to generate whatever rules come out of it that would allow such markets, so I would put the odds at less than 50% but I am not sure how much lower. I’ll try to remember to update at least one more time if the new head takes office unusually early (Before July), or as expected, later in the year ( July or later).

A bit dated news

https://x.com/BrianQuintenz/status/1889702678852211005

As the nomination looks official maybe we will see him confirmed rather quickly in a couple months given the speed of the other nominations. Looks likely before June now… probably around April ? Given this I’m selling my shares.

https://lareviewofbooks.org/article/the-future-of-futures-on-kalshi-and-prediction-markets

“

Brian Quintez, a former CFTC commissioner, sits on Kalshi’s board of directors. Quintez (another innovator) was a commissioner at the time that the CFTC approved trading on event contracts. And a current CFTC commissioner, Caroline Pham, faces an official ethics complaint for colluding with Kalshi’s strategy team to shield the company from oversight, citing the “extraordinary, if not unprecedented, public disclosure of highly confidential, nonpublic, internal, factual and legal discussions by CFTC Commissioner […] concerning Kalshi’s pending application.”

“

I don’t know if this is good or bad specifically for Polymarket short term. The news is obviously interpreted as favorable for Kalshi, but who knows is Polymarket has the legal aid to pull off even a limited version of their site with only certain (approved?) markets before the end of the year.

Long term it looks good for prediction markets.

@DailyFocus If Polymarket launches a version of the site for US citizens that doesn’t have all of the same markets will this resolve to yes?

@AaronSimansky I would think so, it seems that would qualify. However, if they removed the ability to trade with crypto, then I’m not sure. What do you think?

@DailyFocus I don't think the use of cryptocurrency is an essential (or even necessarily important) part of Polymarket. Given that and the burden imposed by the cryptocurrency "know your customer" regulations, I think as long as the site for U.S. citizens has similar functionality should count.

@AaronSimansky Makes sense, I agree

Added more liquidity to this market!

@SG Thank you!