Polymarket has obtained intermediary approval from the CFTC, which means that prediction markets are officially incorporated into the compliance framework of the U.S. regulatory system for the first time. This will have three impacts: 1. The channel for institutional participation has been opened. Registered brokers can legally offer event contracts to clients, and institutional funds will meet compliance conditions to enter the prediction market for the first time. 2. The asset attributes of prediction markets have been enhanced.