Are you ready to dive into the latest buzz surrounding Polymarket? Today, we're thrilled to share that Polymarket, the leading crypto-based prediction market globally, has just received the green light from the U.S. Commodity Futures Trading Commission (CFTC) with an Amended Order of Designation.
Breaking Down the Approval
What Does This Mean for You?
This monumental approval paves the way for Polymarket to establish an intermediated trading platform while complying with all U.S. federal exchange regulations. It's a game-changer!
Embracing the Future
Enhanced User Experience
With this approval, Polymarket can now welcome brokerages and customers directly into the market. This means users can engage through futures commission merchants (FCMs) and enjoy access to traditional custody, reporting, and market infrastructure.
Shaping A Transparent Future
Insight from the Founder
Shayne Coplan, the visionary behind Polymarket, emphasized the platform's commitment to clarity amid uncertainty. This milestone enables them to meet the stringent demands of the U.S. regulatory landscape, emphasizing transparency and operational maturity.
Polymarket's Evolution
What's New?
Polymarket has diligently upgraded its systems to align with the new order, implementing enhanced surveillance, market supervision policies, clearing procedures, and regulatory reporting. The platform is gearing up for an official launch with added rules and processes for intermediated trading.
Transitioning into a new phase, Polymarket is back in the U.S. after acquiring QCX, a licensed exchange and clearinghouse. The journey continues!
Embracing Change: Bitcoin Inclusion
Expanding Possibilities
Exciting news! Polymarket now accepts bitcoin deposits, offering users the flexibility to fund their accounts with BTC alongside popular stablecoins like USDC and USDT. The future of trading is here!
Looking Ahead
An Exciting Future
The recent buzz around a potential $2 billion investment from Intercontinental Exchange (ICE) and Polymarket's soaring valuation between $8 billion and $10 billion has the financial world abuzz. With strategic moves and investments, the sky's the limit!
Industry Insights
Market Dynamics
As Polymarket makes waves, competitors like Kalshi are also on the rise, securing significant investments and planning expansive global access. The prediction market landscape is evolving rapidly, offering exciting opportunities for investors and users alike.
Ready to dive into the world of Polymarket? Learn more about this groundbreaking approval here.
Frequently Asked Questions
Which precious metal is best to invest in?
Answering this question will depend on your willingness to take some risk and the return you seek. While gold is considered a safe investment option, it can also be a risky choice. If you are looking for quick profits, gold might not be the right investment. If you have the patience to wait, then you might consider investing in silver.
If you don’t desire to become rich quickly, gold may be your best option. However, silver might be a better option if you're looking for an investment that provides steady returns over long periods.
Who owns the gold in a Gold IRA?
The IRS considers an individual who owns gold as holding “a form of money” subject to taxation.
You must have at least $10,000 in gold and keep it for at most five years to qualify for this tax-free status.
Gold can be used to protect against inflation and price volatility. However, it is not a good idea to own gold if you don't intend to use it.
If you plan to sell the gold one day, you will need to report its worth. This will affect how much capital gains tax you owe on cash you have invested.
Consult a financial advisor or accountant to determine your options.
How does a gold IRA account work?
People who wish to invest in precious metals can use Gold Ira accounts as a tax-free investment vehicle.
You can purchase physical bullion gold coins at any point in time. You don't have a retirement date to invest in gold.
You can keep gold in an IRA forever. Your gold holdings won't be subject to taxes when you pass away.
Your heirs inherit your gold without paying capital gains taxes. Your gold is not part of your estate and you don't have to include it in the final estate report.
You'll first have to set up an individual retirement account (IRA) to open a gold IRA. Once you've completed this step, an IRA administrator will be appointed to your account. This company acts as a mediator between you, the IRS.
Your gold IRA custodian can handle all paperwork and submit necessary forms to IRS. This includes filing annual reports.
Once your gold IRA is established, you can purchase gold bullion coins. The minimum deposit required to purchase gold bullion coins is $1,000 You'll get a higher rate of interest if you deposit more.
You will pay taxes when you withdraw your gold from your IRA. If you are withdrawing your entire balance, you will owe income tax plus a 10% penalty.
If you only take out a very small percentage of your income, you may not need to pay tax. However, there are exceptions. For example, taking out 30% or more of your total IRA assets, you'll owe federal income taxes plus a 20 percent penalty.
It's best not to take out more 50% of your total IRA investments each year. You'll be facing severe financial consequences if you do.
How can you withdraw from an IRA of Precious Metals?
First, decide if it is possible to withdraw funds from an IRA. Make sure you have enough cash in your account to cover any fees, penalties, or charges that may be associated with withdrawing money from an IRA.
Consider opening a taxable brokerage instead of an IRA if it is possible to pay a penalty if your withdrawal is made before the deadline. You will also have to account for taxes due on any amount you withdraw if you choose this option.
Next, figure out how much money will be taken out of your IRA. The calculation is influenced by several factors such as your age at withdrawal, the length of time you have owned the account and whether or not you plan to continue contributing to retirement plans.
Once you know what percentage of your total savings you'd like to convert into cash, you'll need to determine which type of IRA you want to use. Traditional IRAs permit you to withdraw your funds tax-free once you turn 59 1/2. Roth IRAs have income taxes upfront, but you can access the earnings later on without paying additional taxes.
Once you have completed these calculations, you need to open your brokerage account. Brokers often offer promotional offers and signup bonuses to encourage people into opening accounts. To avoid unnecessary fees, however, try opening an account using a debit card rather than a credit card.
You will need a safe place to store your coins when you are ready to withdraw from your precious metal IRA. Some storage facilities will accept bullion bars, others require you to buy individual coins. Before you choose one, weigh the pros and cons.
Bullion bars, for example, require less space as you're not dealing with individual coins. You will need to count each coin individually. You can track their value by keeping individual coins.
Some prefer to keep their money in a vault. Some prefer to keep them in a vault. No matter what method you use, it is important to keep your bullion safe so that you can reap its benefits for many more years.
What is a Precious Metal IRA (IRA)?
A precious metal IRA allows for you to diversify your retirement savings in gold, silver, palladium and iridium. These are called “precious” metals because they're very hard to find and very valuable. They make excellent investments for your money and help you protect your future from inflation and economic instability.
Precious metals are sometimes called “bullion.” Bullion refers to the actual physical metal itself.
Bullion can be purchased through many channels including online retailers and large coin dealers as well as some grocery stores.
A precious metal IRA lets you invest in bullion direct, instead of purchasing stock. This ensures that you will receive dividends each and every year.
Unlike regular IRAs, precious metal IRAs don't require paperwork or annual fees. You pay only a small percentage of your gains tax. Plus, you get free access to your funds whenever you want.
What are the fees associated with an IRA for gold?
The Individual Retirement Account (IRA), fee is $6 per monthly. This includes account maintenance fees and investment costs for your chosen investments.
If you want to diversify, you may be required to pay extra fees. These fees vary depending on what type of IRA you choose. Some companies offer free check accounts, but charge monthly fee for IRA accounts.
A majority of providers also charge annual administration fees. These fees range between 0% and 1 percent. The average rate for a year is.25%. These rates are usually waived if you use a broker such as TD Ameritrade.
Statistics
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
cftc.gov
law.cornell.edu
- 7 U.S. Code SS 7 – Designation of boards of trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement accounts
investopedia.com
forbes.com
How To
The History of Gold as an Asset
Gold was a currency from ancient times until the early 20th century. It was universally accepted due to its purity and divisibility, beauty, scarcity, and durability. It was also traded internationally due to its high value. Different weights and measurements existed around the world, however, because there were not international standards to measure gold. One pound sterling, for example, was equivalent in England to 24 carats, and one livre tournois, in France, to 25 carats. A mark, on the other hand, was equivalent in Germany to 28 carats.
The United States began issuing American coin made up 90% copper, 10% zinc and 0.942 fine-gold in the 1860s. This led to a decline in demand for foreign currencies, which caused their price to increase. In this period, large amounts of gold coin were minted by the United States, which caused the gold price to drop. The U.S. government needed to find a solution to their debt because there was too much money in circulation. They decided to return some of the gold they had left to Europe.
Since most European countries were not confident in the U.S. dollar they began accepting gold as payment. However, many European nations stopped using gold to pay after World War I and started using paper currency instead. Since then, the price of gold has increased significantly. Today, although the price fluctuates, gold remains one of the safest investments you can make.
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By: Micah Zimmerman
Title: Polymarket Secures CFTC Approval for Exciting U.S. Comeback
Sourced From: bitcoinmagazine.com/business/polymarket-receives-cftc-approval
Published Date: Tue, 25 Nov 2025 17:49:41 +0000
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