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🚀 BIG UPDATE: CFTC Grants Relief to Polymarket! 🚀

🔥 The U.S. Commodity Futures Trading Commission (CFTC) has issued a No-Action Letter giving Polymarket’s QCX LLC & QC Clearing LLC temporary relief from strict swap data reporting & recordkeeping rules.

💰 This move comes after Polymarket’s $112M acquisition of QCEX, a licensed U.S. derivatives exchange & clearinghouse.

⚡ What it means:

✅ No enforcement action on certain reporting requirements

✅ Polymarket gets the green light for U.S. operations

✅ Strong signal of flexibility towards prediction markets

⚠️ Other compliance obligations still remain

🌍 Impact: This milestone clears the path for Polymarket’s U.S. return and shows regulators opening up to crypto prediction markets.

💬 Do you think this will trigger a new wave of crypto adoption in the U.S.?

#CFTC #Polymarket #CryptoNews #Regulation #PredictionMarkets #BinanceSquare #binacepoint #CryptoEarnings" $BTC

Hi everyone,
I’ve recently stepped into the world of trading, and I must say, it’s both exciting and overwhelming at the same time. As a beginner, I’m trying to understand how the market works, learning about strategies, and figuring out the best practices for successful trading.

Right now, I’m focusing on:

1. Learning the Basics: Understanding key terms, market movements, and how trades work.

2. Risk Management: I’m trying to start small and avoid taking unnecessary risks.

3. Research and Education: Watching tutorials, reading articles, and following experienced traders to improve my skills.

Since I’m still new, I’d really appreciate any advice from experienced traders. Whether it’s about managing risks, choosing the right trades, or building long-term strategies, your insights could help me avoid common mistakes and grow as a trader.

Thank you in advance for your guidance, and I’m looking forward to learning from this amazing community!

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🗓 Date: 07 December 2024
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