Polymarket Targets U.S. Relaunch by November Following Regulatory Progress

Polymarket, the blockchain-based prediction market known for fueling last year’s surge in crypto forecasting platforms, is preparing to reenter the U.S. market as soon as November, Bloomberg reported Tuesday.

The company’s return would begin under limited access, initially focused on sports-related markets, according to the report. Polymarket halted U.S. operations in 2022 after settling with the Commodity Futures Trading Commission (CFTC), which fined the firm $1.4 million for operating an unregistered derivatives venue and required it to block U.S. users.

Since then, Polymarket has operated internationally, building a growing user base through decentralized markets on political events, entertainment outcomes, and major global trends. Despite restrictions, some U.S. users continued accessing the platform through VPNs.

The firm’s U.S. comeback follows its acquisition of QCX, a company holding both exchange and clearinghouse licenses from the CFTC — a move that provides Polymarket a regulatory pathway to legally serve American users. The acquisition comes after both CFTC and Department of Justice investigations into the company were formally closed earlier this year.

Unlike traditional competitors such as Kalshi or Trump Media’s planned Truth Social prediction exchange, Polymarket operates fully on blockchain rails, using crypto — primarily stablecoins — for settlement. The company has also announced plans to launch a native token, designed to align user participation and platform growth with the broader crypto ecosystem, though specific details and regulatory considerations remain undisclosed.