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Polymarket Re-Enters U.S. Market With CFTC Approval, Intensifying Prediction Market Competition
Polymarket Re-Enters U.S. Market With CFTC Approval, Intensifying Prediction Market Competition
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BTCCSquare news:
Polymarket has initiated its U.S. relaunch after securing a no-action letter from the CFTC, rolling out first to waitlisted users with sports prediction markets. The MOVE positions the platform against Kalshi—a rival that recently achieved an $11 billion valuation—as prediction markets gain traction among both retail and institutional participants.
The phased rollout follows a prolonged regulatory battle, reflecting growing demand for event-driven trading products. Trust Wallet’s recent integration of prediction features for 220 million users further signals sector maturation. Polymarket’s return could pressure existing players while expanding accessible market categories beyond crypto into politics and global events.
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