Polymarket secures US return with license approval

Polymarket, a prediction company, steps back into the US after being forced to block American customers under the order of the enforcement agency, the Commodity Futures Trading Commission (CFTC), in ￰0￱ market operator Polymarket is preparing to relaunch its platform in the United States after nearly four years of restrictions, with regulatory filings showing that trading could begin as early as ￰1￱ world’s largest prediction market announced its plans to reenter the American market after acquiring QCX LLC, later renamed Polymarket US, for $112 ￰2￱ acquisition gave Polymarket a Designated Contract Market (DCM) license in ￰3￱ can now self-certify markets for US users, including sports and political ￰4￱ could launch 5 days early According to the initial regulatory filings seen by Cryptopolitan, October 7 was slated as the prediction market’s earliest possible launch ￰5￱ filings submitted Wednesday with the CFTC have reportedly brought the date forward to October ￰6￱ DCM license filing.) September 3, 2025 The company had ceased business in the United States in January 2022 after agreeing to block local users and paying a $1.4 million civil penalty for operating as an unregistered exchange and offering bets on illegal ￰7￱ settlement kept the platform running overseas but effectively banned Americans from trading on ￰8￱ rivalry with competitor Kalshi Polymarket returns to a competitive environment where federally regulated Kalshi is on the highest ranks in the US prediction market ￰9￱ to data from Polymarket Analytics, a service not affiliated with the platform, Polymarket has recorded $877 million in trading volume, compared with Kalshi’s $291 ￰10￱ towards the end of August, the betting company announced Donald Trump ￰11￱ joined the company as an adviser ahead of its planned US ￰12￱ reported by Politico, the eldest son of President Donald Trump sits on Polymarket’s advisory board, while his venture capital firm, 1789 Capital, takes a stake in the company; however, the size of the investment was not ￰13￱ ￰14￱ a partner at 1789 Capital, which was founded by financier Omeed ￰15￱ markets wager on US politics Polymarket’s US relaunch comes against the backdrop of a federal government shutdown this week after lawmakers failed to reach a budget ￰16￱ are speculating on how long the shutdown might ￰17￱ Kalshi, contracts imply that the government will be closed for about 11 days.

However, Polymarket traders are more bearish, with the highest volume contracts betting on a 35% probability the shutdown will extend beyond October 15.8% of participants expect lawmakers to reach a deal this week between October 3 and October ￰18￱ predicting a resolution between October 6 and October 9 are trading at 28% odds, while October 10 to 14 is close at 29%. The impasse is from a dispute between Republicans, who control both chambers of Congress, and liberal senators, whose support is still required to pass spending ￰19￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.