Polymarket Returns to U.S. with App: CFTC Approval & a Bet on the Future!

by

Markets

What to know:

  • Polymarket has launched an app in the U.S., following CFTC approval after a 2022 regulatory ban.
  • The iOS app is rolling out via a waitlist, with Android support coming soon and plans to expand into proposition and election markets.
  • The launch comes amid rising interest in prediction markets, as rival Kalshi recently closed a $1 billion funding round.

Polymarket has waltzed back into the U.S., dancing to the tune of regulatory approval and a shiny new mobile app. On Wednesday, the platform announced its return to the land of the free, but not without a few hoops to jump through first. We’re talking about a 2022 showdown with the Commodity Futures Trading Commission (CFTC), who wasn’t exactly thrilled with Polymarket’s unregistered event-based derivatives. A quick $1.4 million settlement later, and voilà – they’re back in business.

The app, currently gracing iOS users, opens its digital doors through a fancy waitlist system. Because who doesn’t love waiting for something that’s already promised to you? Android fans, fear not – your turn is coming soon. Just make sure you bring some popcorn for the ride. 🎬

But don’t mistake this for a typical sportsbook. No, Polymarket isn’t about betting on whether Tom Brady will retire – they’re here to make you the next big shot in trading on the outcomes of actual events. Forget about reading polls or watching talking heads, just place a bet on how things are actually going to turn out.

And if you thought sports was the only game in town, think again. Polymarket is planning to expand into proposition bets faster than you can say “regulatory compliance.” What’s next, betting on the next presidential debate? Oh wait, they’re probably already working on that. 🤔

While Polymarket plays catch-up, Kalshi, its rival, just locked in a $1 billion funding round. Talk about a race to the top. Looks like the prediction market wars are heating up faster than a spicy TikTok trend. 🌶️

So buckle up, dear user, because the prediction market revolution is here. And whether you’re into sports or into forecasting the future of society, Polymarket is ready to help you make your bets. No CFTC approval needed to say, “I told you so.”

Read More

2025-12-03 22:33