Polymarket, one of the world’s largest prediction markets, is set to relaunch in the United States after nearly four years of restrictions. Updated filings with the Commodity Futures Trading Commission (CFTC) indicate the platform could begin trading as early as October 2.
The company was forced to block American users in January 2022 and pay a $1.4 million civil penalty for operating as an unregistered exchange and offering bets on prohibited events. Since then, Polymarket has operated internationally, while U.S. customers were left on the sidelines.
Sponsored
The U.S. return follows Polymarket’s $112 million acquisition of QCX LLC, now Polymarket US, which provided the firm with a Designated Contract Market (DCM) license.
This allows it to self-certify markets for U.S. participants. A no-action letter from the CFTC confirmed the company would not face enforcement for past issues, clearing the way for a legal relaunch.
Polymarket reenters a competitive market, facing federally regulated rival Kalshi.
Since the beginning of September, Kalshi has noticeably started to outperform Polymarket in notional volume, generating more than twice the trading volume.
Ahead of the relaunch, Donald Trump Jr. joined the advisory board, with his venture firm, 1789 Capital, taking an undisclosed stake.
Why This Matters
Polymarket’s U.S. relaunch allows American traders to legally participate in one of the world’s largest prediction markets after nearly four years of restrictions, signaling renewed regulatory acceptance.
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People Also Ask:
Polymarket is a prediction market platform where users can trade on outcomes of real-world events, including politics, sports, and finance.
Users buy and sell “shares” on event outcomes. Prices reflect the probability of an event occurring, allowing traders to speculate and hedge risks.
Users create an account, deposit funds, and trade shares on prediction markets. U.S. users must register on Polymarket US after the relaunch.
Markets include U.S. politics, sports, economic events, and other globally relevant outcomes approved by Polymarket.
Yes, Polymarket continues to serve international users, but U.S. participation is restricted to the newly licensed Polymarket US platform.
