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Polymarket Prediction Market Returns to the US After Four Years
Polymarket, a company developing prediction markets, is returning to the US market after being forced in 2022 to block American clients at the request of the Commodity Futures Trading Commission (CFTC). According to the statement, this will happen on October 3 — a few days earlier than the originally announced date of October 7.
The world’s largest prediction market announced its plans to re-enter the US market after acquiring QCX LLC, later renamed Polymarket US, for $112 million. Thanks to this acquisition in July, Polymarket obtained a Designated Contract Market (DCM) license. This allows the company to independently certify markets for US users, including sports and political event markets.
US visitors to the Polymarket website are invited to join the waitlist before the launch. A notice on the homepage states they will receive a text message notification once the platform is ready for registration.
“Polymarket will soon be available to traders in the US. We are making every effort to prepare the American platform for launch,” the statement said.
The company is returning to the US market, where the leading position is currently held by the Kalshi platform. According to data from Polymarket Analytics, which is not affiliated with the platform, Polymarket’s trading volume stands at $877 million compared to Kalshi’s $291 million.
