Polymarket Returns to US With CFTC-Approved Sports Betting App
Polymarket has relaunched its US operations with a regulatory-compliant sports betting app, marking a strategic pivot after its 2022 CFTC ban. The iOS rollout begins with waitlisted users, with Android support pending—a calculated reentry following its $1.4 million settlement for unregistered derivatives trading.
The platform’s roadmap extends beyond sports into political and proposition markets, positioning itself against rival Kalshi’s $11 billion valuation. This comeback reflects growing institutional tolerance for prediction markets, though regulatory scrutiny remains a persistent industry challenge.