Polymarket’s US App Launch: A Game Changer or Just Another Crypto Hype?

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Oh, what a delightful twist! 🎩 The prediction platform Polymarket has finally begun rolling out its US app, and the waitlisted users-those patient souls-will be the first to partake. How droll! 😏

In a Wednesday X post, Polymarket declared it would grace waitlisted users with its US app, starting with bets on sports event contracts. “Followed by markets on everything,” they say. How very ambitious. 🎯

The official launch came three months after the CFTC, that paragon of regulatory wisdom, issued a no-action letter. A mere formality, of course. 🧾

Polymarket’s full reopening to US markets could give it a valuation of up to $10 billion. Because nothing says “I’m serious” like a figure that could buy a small island. 🏝️💰

The announcement coincided with Kalshi’s $1 billion funding round at an $11 billion valuation. How thrilling! Now, the real competition begins. 🏆

Activity on prediction markets surged in 2024, driven by interest in event contracts related to the US elections. Because nothing says “I’m engaged” like betting on who will win the presidency. 🗳️💸

Coinbase is reportedly working on a platform backed by Kalshi. And Trump Media, ever the trendsetter, plans to enable prediction markets on Truth Social. How original. 🚀

Polymarket and Kalshi surge in trading volume

According to data from Token Terminal, Kalshi and Polymarket remain the two largest prediction platforms by trading volume. Followed by SX, BetSwirl, and Azuro. How exotic. 🌍

Kalshi had $4.4 billion in October trading volume, while Polymarket clocked in at just over $3 billion. A mere technicality, of course. 💸

Polymarket could reportedly reach a $15 billion valuation soon after an infusion of cash from investors. Because nothing says “I’m a success” like a number that makes your head spin. 🌀

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2025-12-03 23:20