Polymarket set to reopen to U.S. users by late November
Prediction platform Polymarket plans to resume service for U.S. users by the end of November. According to Bloomberg, it will start with a limited, sports-focused product and gradually expand access to select customers.
The company plans to reopen in the U.S. with a licensed, sports-focused product, initially available to select users. The platform is targeting major leagues such as the NFL and NBA with event contracts linked to high-volume games and outcomes.
Polymarket is preparing to operate under U.S. derivatives rules. In July 2025, it acquired QCX, a Florida-based exchange licensed by the Commodity Futures Trading Commission, creating a pathway to list sports-related event contracts under an existing regulatory framework. Polymarket also received CFTC no-action relief, indicating enforcement is not expected if specified conditions are met.
The rollout is aimed at the peak of the American football and basketball calendar, with early trading expected before November ends, and not immediately open to everyone. Earlier, Polymarket confirmed plans for a POLY token with an airdrop after the U.S. launch, signaling a staged product roadmap that prioritizes domestic reentry first.
As GNcrypto covered previously, Polymarket exited the U.S. in 2022 after resolving a CFTC action, paying a $1.4 million penalty for offering unregistered event-based trading contracts to U.S. users. The CFTC ruled that these contracts qualified as swaps under U.S. law and should have been registered with the agency. The acquisition of QCX and the no-action relief were outlined as steps to enable a compliant return focused on sports-linked event contracts.
Competition in the U.S. prediction market is heating up. Trump Media recently introduced an in-app prediction market, while a new Web3 prediction market platform, Opinion Labs (O.LAB), is rumored to have ties to Binance founder Changpeng Zhao (CZ). Both new projects and established platforms like Kalshi appear to challenge Polymarket’s return.
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