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Polymarket unit gets US industry organization's approval to be futures broker

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Core Development: Polymarket unit gets US industry organization's approval to be futures broker
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Market & Financial Impact: Polymarket has received approval from the National Futures Association for PM Derivatives LLC to act as a broker. This approval allows the company to expand its operations if it obtains further approval from the Commodity Futures Trading Commission. The firm is actively under investigation by the CFTC regarding its marketing practices. Currently, Polymarket serves as a popular platform for betting on various events and elections.
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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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