The post Polymarket Plans New Settlement System This Year appeared on BitcoinEthereumNews.com.

Key Points: Polymarket is planning a new market settlement system for enhanced compliance. USDC remains crucial in Polymarket’s trading operations. Industry shifts are driving increased regulatory compliance across decentralized platforms. Shayne Coplan’s Polymarket is set to implement a new market settlement system later this year, aiming to tackle legal issues reminiscent of previous regulatory challenges. This measure is significant for Polymarket, addressing prior challenges such as its 2022 Commodity Futures Trading Commission fine, enhancing compliance. Polymarket is developing a market settlement system designed to address challenges like those involving Ukrainian President Zelensky. Announced by BlockBeats on July 19, 2025, the update is vital in enhancing the platform’s regulatory compliance. The move aims to prevent challenges arising from unregistered derivatives, a lesson from past experiences. Shayne Coplan founded Polymarket and has since focused on improving its services within the prediction market space. In the past, Polymarket faced scrutiny, especially from the CFTC, which fined it $1.4 million in 2022 for non-compliance. The new system attempts to circumvent such issues by ensuring stricter adherence to legal standards, reflecting a proactive shift in its operational strategy. Polymarket’s New System: Tackling Legal Hurdles and Enhancing Compliance The announcement had immediate implications for Polymarket’s trading operations. USDC remains at the center of trading, given it is the primary asset for transaction settlements on the platform. Polymarket news and insights on Twitter have been actively followed regarding their technological advancements. Polymarket has also stated intentions to refine its technological offerings, enhancing interoperability and potentially enabling operations beyond current offerings in prediction markets. Regarding market reactions, key figures have remained reserved pending further technical details. Nonetheless, historical lessons suggest the move could stabilize platform volatility and preemptively address regulatory criticisms. No direct responses from prominent figures like Arthur Hayes or CZ have been recorded, although there is…

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Filed under: News - @ July 19, 2025 1:26 pm