Polymarket Eyes November Return to U.S. Market Following Compliance Push: BBG

Polymarket Set for U.S. Return After Securing Regulatory Approval

Blockchain-based prediction platform Polymarket is preparing to relaunch its services in the United States as early as November, according to a report from Bloomberg. The move comes after the company acquired a CFTC-regulated entity, clearing a path to operate legally under U.S. oversight.

Initially, Polymarket’s relaunch will offer limited access, focusing primarily on sports-related markets, the report said. The company has operated offshore since 2022, when it was fined $1.4 million by the Commodity Futures Trading Commission (CFTC) for running an unregistered derivatives platform. As part of that settlement, Polymarket agreed to block U.S. users.

In recent months, Polymarket has expanded its global presence by allowing crypto-based trading on events such as elections, legal cases, and pop culture moments. Despite U.S. restrictions, some domestic users reportedly continued accessing the site via VPNs.

The firm’s acquisition of QCX, a CFTC-registered exchange and clearinghouse, provides the regulatory framework needed for its return. The purchase follows the closure of prior CFTC and Justice Department investigations into Polymarket’s operations.

Unlike centralized competitors such as Kalshi or Trump Media’s forthcoming Truth Social Markets, Polymarket operates entirely on blockchain infrastructure, settling trades in stablecoins. The company also plans to introduce a native token, aligning its growth more closely with the broader crypto ecosystem, though details on its utility and compliance remain undisclosed.

If successful, the relaunch could mark a major step in legitimizing decentralized prediction markets within U.S. regulatory bounds — blending on-chain transparency with traditional market oversight.