According to a report by Bloomberg, decentralized prediction market platform Polymarket has quietly resumed operations of its U.S. division in beta mode. Founder Shayne Coplan mentioned during Cantor Fitzgerald’s crypto conference that the U.S. platform was now “live and operational,” thus allowing a handful of users to make bets on real contracts. After a regulatory tussle pushed Polymarket to go offshore, the company’s return is a relaunch of major comeback.
In the United States, the company is in the final stages of completing the last steps before a full public rollout. Its re-entry into the market is preceded by the months of regulatory preparation and internal development, which have been undertaken to meet the compliance requirements for derivatives trading in the U.S.
The soft reappearance is the result of a settlement agreement reached between Polymarket and the U.S. Commodity Futures Trading Commission (CFTC) in 2022. The settlement led to a penalty of $1.4 million and a temporary suspension of U.S. operations. To establish a conforming operation in the country, Polymarket acquired the licensed derivatives exchange and clearinghouse QCX in July 2025—a move considered instrumental in its comeback.
After moving offshore, the platform has doubled its user base with great success, particularly during the last U.S. presidential election cycle. In recent months, Polymarket has experienced record highs in monthly trading volume, active users, and newly listed markets, but it is still behind U.S.-licensed rival Kalshi in overall October trading volume.
The firm did not stop at only widening its horizon with major platform partnerships. Polymarket made it known to the public about their partnership with the fantasy sports app PrizePicks and Yahoo Finance, where they will be the exclusive prediction market partner for Yahoo. The partnerships announcements were preceded by Google Finance revealing plans to feature prediction data from Polymarket and Kalshi in AI-based finance tools.
In the future, Polymarket intends to release its own cryptocurrency, POLY, which will be used in user participation as well as governance. Chief Marketing Officer Matthew Modabber, said that the mintage of excitement around who will get the token airdrop has caused more user engagement across the platform.
Polymarket coming back to the U.S. market is a clear sign that the boundaries between finance, information, and crypto innovation are getting blurred. Besides Gemini and CME Group who are planning new prediction market ventures, Kalshi, an existing operator, is also going forward with this.
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