Polymarket Reopens U.S. Access Following CFTC Approval for Regulated Prediction Markets

Polymarket's U.S. Relaunch: Polymarket has begun restoring access to its platform for American users after nearly four years, starting with a phased rollout for those on its waitlist, initially focusing on sports markets.

Regulatory Background: The company's return follows a regulatory overhaul after being charged by the CFTC in 2021 for operating unregistered markets, leading to a settlement and restructuring of its business.

CFTC Approval: A significant milestone was reached when the CFTC approved a revised order for Polymarket's affiliated entity, allowing it to operate as a regulated exchange for U.S. users under federal derivatives rules.

Competitive Landscape: With its re-entry, Polymarket joins a competitive market for regulated prediction platforms in the U.S., where other operators like Kalshi are gaining traction among traders seeking compliant event contracts.