Catenaa, Wednesday, October 29, 2025- Prediction-market operator Polymarket said it plans to reopen to US users before the end of November, marking its return after a 2022 enforcement case with the Commodity Futures Trading Commission.
The relaunch comes as federally regulated event contracts increasingly compete with traditional state-bound sportsbooks.
Polymarket’s U. comeback follows record trading volumes and expanding overlap between event contracts and sports betting, including licensing deals with the National Hockey League and rival platform Kalshi.
The company has acquired QCX, a licensed derivatives exchange and clearinghouse, paving the way for compliance with US regulations.
The platform also announced plans for a POLY token and an accompanying airdrop, expected to reward its most active users and enhance utility for retail and institutional participants.
Polymarket has opened a waitlist for US users, and market tracking implies an 89% probability of the rollout occurring before the end of 2025.
Polymarket and Kalshi together processed over $6.3 billion in October trading volume, highlighting rapid growth in prediction markets.
The company has drawn investment from Intercontinental Exchange, valuing it near $9 billion post-money, while Kalshi raised $300 million at a $5 billion valuation and is reportedly exploring offers around $12 billion.
The surge coincides with new competitors entering the space, including Trump Media’s Truth Social and Crypto.com partnership launching “Truth Predict,” signaling broader institutional and retail interest.
Analysts say federally regulated prediction markets could challenge traditional sportsbooks by offering quicker, transparent wagering options across major US sports.
Polymarket’s return signals the rising importance of prediction markets in the US, blending digital assets, regulatory compliance, and sports betting into a growing financial sector.
