Prediction markets platform Polymarket launched its U.S.-specific iOS app on Wednesday, initially for waitlisted users following an approval order from the U.S. Commodity Futures Trading Commission (CFTC).
“Against all odds. Polymarket’s U.S. app is now being rolled out to those on the waitlist. We’re launching with sports — followed by markets on everything,” said the Polymarket team in a post on X.
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It marks Polymarket’s regulated return after a 2022 ban for operating an unregistered derivatives exchange, which included a $1.4 million settlement.
The re-launch comes shortly after Polymarket-rival Kalshi announced an exclusive partnership with CNN and doubled its valuation after a $1 billion funding round.
The two platforms are closely matched in trading volume: Polymarket handled $18.5 billion over the past year, while Kalshi came in at $16.4 billion.
Meanwhile, the state of ConnecticutorderedRobinhood, Kalshi, and Crypto.com to stop offering event-based contracts it considers unlicensed sports betting, sparking a jurisdiction fight as the platforms insist their prediction markets fall under federal—not state—oversight.
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Polymarket Opens US App to Waitlisted Users - Unchained
Prediction markets platform Polymarket launched its U.S.-specific iOS app on Wednesday, initially for waitlisted users following an approval order from the U.S. Commodity Futures Trading Commission (CFTC).
“Against all odds. Polymarket’s U.S. app is now being rolled out to those on the waitlist. We’re launching with sports — followed by markets on everything,” said the Polymarket team in a post on X.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
It marks Polymarket’s regulated return after a 2022 ban for operating an unregistered derivatives exchange, which included a $1.4 million settlement.
The re-launch comes shortly after Polymarket-rival Kalshi announced an exclusive partnership with CNN and doubled its valuation after a $1 billion funding round.
The two platforms are closely matched in trading volume: Polymarket handled $18.5 billion over the past year, while Kalshi came in at $16.4 billion.
Meanwhile, the state of Connecticut ordered Robinhood, Kalshi, and Crypto.com to stop offering event-based contracts it considers unlicensed sports betting, sparking a jurisdiction fight as the platforms insist their prediction markets fall under federal—not state—oversight.