Polymarket Returns to U.S. with CFTC-Approved Prediction App

Polymarket has relaunched its U.S. app after CFTC approval, allowing American users to bet on sports and, soon, other events. The rollout is gradual via a waitlist, with strong user interest and regulatory compliance.

Polymarket, a blockchain-based prediction market platform, has officially relaunched its app for the U.S. market after receiving approval from the Commodity Futures Trading Commission (CFTC). The app, now available on the Apple App Store under the sports category, initially allows American users to participate in sports betting, with plans to expand into other event markets such as proposition and election wagers. Access is being rolled out gradually via a waitlist, and the app has quickly gained popularity, achieving a high rating and significant download numbers. Polymarket's return follows its acquisition of QCEX, a registered derivatives exchange, which enabled it to bypass the traditional CFTC registration process and comply with regulatory requirements. The company has upgraded its systems to meet CFTC standards, including enhanced market surveillance and reporting. The relaunch marks the end of nearly four years of restrictions on U.S. users and signals growing institutional interest in blockchain-based prediction markets. Polymarket's compliance-driven approach is seen as a potential model for other platforms seeking regulatory approval in the sector.