Polymarket Targets November U.S. Relaunch After Regulatory Clearance
Polymarket, the blockchain-based prediction platform, is preparing to return to the U.S. market as soon as November, according to Bloomberg. The move comes after the firm acquired a CFTC-registered exchange and clearinghouse, providing a path to operate legally under U.S. regulations.
The relaunch will reportedly begin with limited user access and a focus on sports-related markets, reflecting a phased rollout designed to meet regulatory expectations.
Polymarket, which rose to prominence for its on-chain prediction markets on events ranging from elections to celebrity trials, blocked U.S. users in 2022 after settling charges with the Commodity Futures Trading Commission (CFTC). The agency fined the firm $1.4 million for offering unregistered event-based contracts and required it to restrict U.S. access.
Since then, the platform has continued to grow internationally, operating offshore while maintaining strong participation through crypto-native markets. The recent acquisition of QCX, a CFTC-regulated entity, marks a key milestone toward a compliant U.S. presence.
Unlike centralized competitors such as Kalshi or Truth Social’s upcoming prediction platform, Polymarket runs entirely on blockchain infrastructure and uses stablecoins for trading and settlement. The company also plans to launch a native token, tying its growth more closely to the crypto ecosystem. However, specific details about the token’s design and regulatory status have yet to be disclosed.
The relaunch signals a broader trend of Web3-native financial platforms seeking legitimacy under U.S. law, blending blockchain transparency with traditional oversight frameworks.
