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Polymarket Prepares US Relaunch with CFTC Approval, Targets November Debut

Polymarket Prepares US Relaunch with CFTC Approval, Targets November Debut

Author:

Global Cryptocurrency

Published:

2025-10-29 10:23:02

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BTCCSquare news:

Polymarket, the blockchain-based prediction platform, is set to re-enter the U.S. market by late November after acquiring CFTC-registered QCX—a strategic MOVE to comply with derivatives regulations. The relaunch will initially focus on sports betting markets, marking its return since a 2022 ban and $1.4 million settlement for operating an unregistered platform.

The company’s valuation surged to $1 billion in June 2024 after a $200 million funding round, with industry speculation pointing to a potential $10 billion valuation upon U.S. re-entry. A September CFTC no-action letter for QCX cleared the path for expansion, signaling regulatory progress for crypto-native markets.

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