Prediction Platform Polymarket Plans U.S. Relaunch by November — Bloomberg Reports

Polymarket Targets U.S. Relaunch by November After Securing Regulatory Path

Polymarket, the blockchain-based prediction market platform, is preparing to return to the U.S. as early as November after acquiring a CFTC-regulated entity, Bloomberg reported Tuesday.

The company, which operates on Ethereum and allows users to trade outcomes of real-world events, plans a phased relaunch starting with limited access and a focus on sports-related markets.

Polymarket halted U.S. operations in 2022 following a $1.4 million settlement with the Commodity Futures Trading Commission (CFTC) for running an unregistered derivatives exchange. As part of the deal, it agreed to block American users from its platform.

Since then, Polymarket has continued to operate offshore, hosting crypto-settled markets on global political, financial, and cultural events. Some U.S. participants reportedly accessed the platform via virtual private networks despite the restrictions.

Earlier this year, Polymarket acquired QCX, a CFTC-registered entity with both exchange and clearinghouse licenses. The move gives Polymarket a compliant structure to offer regulated event contracts in the United States. Federal probes by both the CFTC and Department of Justice have since been closed.

Unlike traditional competitors such as Kalshi or Trump Media’s upcoming Truth Social prediction exchange, Polymarket runs entirely on blockchain infrastructure, using stablecoins for settlement. The firm also plans to introduce a native token to support governance and liquidity incentives, though regulatory details have yet to be disclosed.

If approved, the relaunch could mark a milestone for decentralized prediction markets seeking legitimacy in the U.S., bridging crypto infrastructure with regulated event-based trading.

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