Polymarket Returns to U.S. With CFTC-Approved Mobile Platform
Polymarket has officially relaunched in the U.S., unveiling a mobile app that allows users to trade on sports and proposition markets using real money under federal oversight. The company shared the news Wednesday on X.
The iOS app is being rolled out gradually via a waitlist, with Android support expected soon.
This marks a significant U.S. comeback for Polymarket after its 2022 regulatory halt. The Commodity Futures Trading Commission (CFTC) had previously barred the platform for offering unregistered event-based derivatives, leading to a $1.4 million settlement. Since then, Polymarket has revamped its operations to meet federal compliance standards.
With CFTC approval, Polymarket now functions as an intermediated exchange, akin to traditional commodities platforms. The company stresses that it is not a sportsbook, but a platform for trading on real-world outcomes.
Currently, the app focuses on sports, providing odds for major games and tournaments, with plans to expand into proposition bets. The return coincides with growing interest in prediction markets as tools for gauging public sentiment and expectations on elections, policy, and economic events.
