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No-action letter

What is a no-action letter?

A no-action letter is a statement from regulator staff that they will not recommend enforcement if a firm operates as described. PredictIt has run its political markets under CFTC no-action relief.

On Polymarket

PredictIt's CFTC letter of July 14, 2025 ties the per-trader limit to the federal campaign contribution limit, then $3,500 [1].

👉 Polymarket vs PredictIt

CFTC · Designated contract market (DCM) · Prediction market

Frequently asked questions

How does No-action letter work on Polymarket?

PredictIt's CFTC letter of July 14, 2025 ties the per-trader limit to the federal campaign contribution limit, then $3,500 .

Sources

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