Decentralized prediction market platform Polymarket has quietly relaunched in the U.S. in beta mode, according to a report from Bloomberg.
Polymarket Founder Shayne Coplan reportedly said at Cantor Fitzgerald’s crypto conference that the U.S. platform is “live and operational,” allowing select users to place bets on real contracts. The platform is in its final stages before officially opening up in the U.S., the report said.
The soft relaunch represents a milestone for Polymarket after resolving a 2022 enforcement case with the U.S. Commodity Futures Trading Commission, which forced the firm offshore and resulted in a $1.4 million penalty. In July 2025, Polymarket acquired licensed derivatives exchange and clearinghouse QCX, laying the regulatory groundwork for its U.S. comeback.
After moving offshore, Polymarket has seen significant growth, especially during last year’s U.S. presidential election. Last month was a record-setter for the platform, with all-time highs in monthly volume, active traders, and newly listed markets. Still, it was outpaced by its U.S.-licensed competitor Kalshi in October volume.
Following a full relaunch in the U.S., the platform is expected to roll out its native cryptocurrency POLY, as confirmed by Polymarket Chief Marketing Officer Matthew Modabber. The news has drawn even more traders to its prediction markets as they seek to meet its yet-to-be-disclosed airdrop eligibility requirements.
As the prediction market sector continues to mature into a legitimate convergence of information and finance, Polymarket has significantly expanded its influence by adding major new partners.
On Tuesday, Polymarket announced its partnership with major U.S. fantasy sports app PrizePicks. The following day, Polymarket became Yahoo Finance’s exclusive prediction market partner, a week after Google Finance said it will integrate Polymarket’s and Kalshi’s predictions data into its finance AI tools.
Meanwhile, several major players in crypto and finance are also expanding into prediction markets. Bloomberg reported earlier this month that Gemini crypto exchange is planning to launch prediction market contracts, while derivatives marketplace CME Group said it is partnering with FanDuel to launch a new prediction markets platform.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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