Summary
Ketju does not approve Polymarket International: Polymarket’s own help center says polymarket.com blocks US residents from depositing or trading, and its operator states it is not regulated by the CFTC. This memo covers the international site. It does not cover the separate US app. Polymarket says accounts on polymarket.com are entirely separate from the US-only Polymarket app, which CFTC-regulated QCX LLC runs. The international site names Adventure One QSS Inc. as its operator. The on-chain mechanics are real. pUSD collateral backs ERC-1155 Yes and No outcome tokens. A hybrid order book matches signed orders off-chain and settles them in single Polygon transactions, and the UMA Optimistic Oracle resolves markets. None of that makes the venue open to a US client. In 2022 the CFTC fined the earlier operator, Blockratize, $1.4M and ordered it to wind down markets that broke the law. That history makes the line between the legal entities, and between the products, central to the verdict.
Review triggers
- Polymarket International becomes legally open to US clients with the same registered-venue protections as Polymarket US
- Adventure One QSS Inc. obtains and publishes the registration or exemption that governs the international venue
- A market clarification changes the reasonable economic reading of an open position, or a final UMA resolution departs from the cited source
- A position of the size a client would hold cannot be sold through the order book or the pUSD offramp within one business day in normal markets
Facts
- Verdict
- Not approved
- Type
- Other
- Chains examined
- Polygon
- Reviewed
- Last confirmed