Polymarket Set to Launch in the U.S. by Late November

Relaunch of Polymarket: Polymarket is set to relaunch in the U.S. by late November, focusing on sports betting contracts during peak football and basketball seasons.

Acquisition and Compliance: The relaunch is facilitated by Polymarket's acquisition of QCX, a CFTC-regulated exchange, allowing it to operate legally under federal commodity futures regulations.

State-Level Scrutiny: Despite the national launch, Polymarket may encounter challenges from state gaming regulators in states like California, Texas, and Florida, where sports betting is not legalized.

Investment and Valuation: Recent investments from firms like Intercontinental Exchange and Coinbase Ventures have positioned Polymarket to seek funding at a valuation between $12 billion and $15 billion.