Polymarket Set to Reopen in US Tomorrow After $112M Exchange Acquisition

Polymarket is set to reopen to US users after nearly four years of an effective ban by the Commodity Futures Trading Commission, with filings indicating the platform could launch as early as October ￰1￱ prediction market acquired QCX LLC for $112 million in July , securing a Designated Contract Market license that allows it to self-certify markets for U. S. users, including sports and election ￰2￱ breakthrough caps a strategic year that positioned the $2.6 billion platform for rapid U. S.

expansion, including high-profile board appointments and massive institutional ￰3￱ Shayne Coplan earlier stated that Polymarket “ has been given the green light to go live in the USA ” following the CFTC’s no-action letter issued in September, crediting the Commission for “impressive work” completed in “record timing.” Polymarket was forced to exit the ￰4￱ January 2022 after regulatory enforcement, agreeing to block American users and pay a $1.4 million civil penalty for operating an unregistered ￰5￱ platform continued explosive growth overseas despite the ban, processing over $6 billion in bets during the first half of 2025 alone and gaining prominence by accurately predicting Donald Trump’s 2024 presidential ￰6￱ market Polymarket is set to reopen to ￰7￱ after nearly four years of an effective ban by the CFTC, with filings indicating it could launch as early as ￰8￱ acquired QCX LLC (now renamed Polymarket US) for $112 million, securing a Designated… — Wu Blockchain (@WuBlockchain) October 2, 2025 $10B Valuation Target Follows Thiel Investment and Trump ￰9￱ Role Peter Thiel’s Founders Fund led a $200 million funding round in June, valuing Polymarket at $1 ￰10￱ company is now in discussions to raise new capital that could push its valuation beyond $10 billion, more than tripling the June figure, as it prepares for reentry into the ￰11￱ Trump ￰12￱ Polymarket’s advisory board in August , as his venture capital firm 1789 Capital invested tens of millions of dollars, expanding the platform’s ￰13￱ ￰14￱ appointment came shortly after the Department of Justice and CFTC closed their investigations into Polymarket without pursuing further action in ￰15￱ has secured high-profile partnerships, including a collaboration with Elon Musk’s X platform to integrate prediction markets with AI-powered analysis from the xAI chatbot ￰16￱ platform introduced a 4% annualized yield in September on certain long-term positions in political and geopolitical markets, including the 2028 ￰17￱ race and leadership outcomes in Russia, China, Turkey, Israel, and ￰18￱ prediction market @Polymarket is preparing a return to the United States as it eyes a potential $10 billion valuation. #Polymarket #Crypto ￰0￱ — ￰19￱ (@cryptonews) September 13, 2025 Kalshi Dominance Sets Stage for Fierce Market Competition Rival platform Kalshi has dominated ￰20￱ market activity since Polymarket’s 2022 exit, posting higher volumes than Polymarket for three consecutive weeks through ￰21￱ recorded $728 million in trades in one week, nearly 60% higher than Polymarket’s volume and close to Kalshi’s record $749 million during the 2024 presidential election ￰22￱ from Dune Analytics shows Kalshi captured 66.13% of total on-chain prediction market volume between September 16 and 22, with more than $854 million in trades and $192 million in open interest.