Short answer — yes. Here is by whom, since when, and how it actually compares to Kalshi.
Both Kalshi and Polymarket US hold active CFTC DCM designations. Below is what the public record says about each, including the canonical CFTC document URL when it has cleared primary-source verification.
In April 2026, Kalshi launched an ad campaign differentiating itself from Polymarket on regulatory status, per coverage in CNBC, April 15, 2026. The campaign framing implied that Polymarket operates outside CFTC oversight.
The public CFTC record shows both platforms hold active DCM designations. Kalshi holds its own CFTC approval of November 2020; Polymarket US operates through QCX LLC under the amended order of November 25, 2025.
Both platforms are CFTC DCMs. Marketing copy is not a regulatory finding.
How fallback clauses can flip a Polymarket question to 50-50 if the trigger event never happens — pre-trade literacy, not a complaint.
How Polymarket's geofence detects location and what view-only actually changes — neutral mechanism explainer, no VPN recommendations.
Full side-by-side comparison: fees, markets, funding, regulation.
State-by-state availability and residency questions.
Kalshi-specific safety, state litigation, and fund protections.
Durable tracker of every non-US sovereign action — Brazil CMN, France Roissy, UK FCA, Italy ADM, France ANJ, Switzerland Gespa, Australia.
First foreign-sovereign categorical PM ban — offshore-scope clause directly addresses Polymarket's non-US access shape. Effective May 4, 2026.
