Gate News reports that on March 19, the prediction market platform Polymarket is seeking to appoint a Chief Risk Officer to expand its regulated business in the United States. This move is in response to the requirements of the U.S. Commodity Futures Trading Commission (CFTC), which mandates that Polymarket’s U.S. operations have a Chief Risk Officer for oversight. However, CFTC regulations prohibit the listing of certain controversial contracts in the U.S., such as those related to international conflicts, which are still offered in Polymarket’s international operations. Before hiring a Chief Risk Officer, Polymarket has expanded its legal team in recent months, hiring several lawyers from firms including Sullivan & Cromwell, RBC Capital, and Proskauer Rose.
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