Key Highlights
- Polymarket has reportedly rolled out its beta version in the U.S, returning to the country with the second biggest holders in the world.
- The company’s comeback comes from a strategic acquisition of a licensed U.S. derivatives exchange, QCX, and receiving a no-action letter from the CFTC.
- This comeback comes after Google added Polymarket to show its prediction on its searches.
The leading prediction market, Polymarket, has quietly relaunched its operation in the United States, according to the latest report.
According to Bloomberg, prediction market platform Polymarket has quietly relaunched in the U.S. in beta mode, allowing select users to place real bets on live contracts. After paying a $1.4 million CFTC fine and relocating offshore, Polymarket returned by acquiring QCX, a…
— Wu Blockchain (@WuBlockchain) November 12, 2025
The platform has rolled out its Beta version in the country, first reported by Bloomberg. After years of legal battle, Polymarket is finally re-entering the American market, a country with the second most crypto holders in the world.
Polymarket Re-enters U.S. with Fresh Plans
Polymarket is one of the leading prediction markets, which allows users to speculate on the outcomes of real-world events. These events range from political elections to sports scores.
Its users use money to bet on yes or no outcomes for specific questions. This platform uses blockchain technology to facilitate these trades.
It comes after overcoming a major regulatory hurdle. In 2022, the Commodity Futures Trading Commission (CFTC) ordered Polymarket to pay a $1.4 million penalty. U.S. regulators found that the company was operating an unregistered facility for trading binary options, which are classified as swaps under American law.
As a result of this ruling, the prediction market was forced to block access for users within the United States and settle all its existing contracts by January 2022.
After this legal setback, the prediction market has decided to relocate its core operations offshore to jurisdictions like the Bahamas to continue its operations.
However, some U.S. users were still able to access the platform by using virtual private networks (also known as VPNs) to hide their location. This activity added further legal attention.
In 2024, the Federal Bureau of Investigation raided the New York apartment of Polymarket’s CEO, Shayne Coplan. Agents seized his electronic devices as part of a joint investigation by the Justice Department and the CFTC to examine whether the company had violated its earlier agreement by permitting U.S. participation.
However, the platform finally received good news in 2025. In July, both the CFTC and the Justice Department formally closed their investigations without filing any new charges. This ruling has opened a door for a legal return.
To capitalize on this opportunity, Polymarket quickly executed an acquisition deal to purchase QCX for $112 million, which is a small derivatives exchange and clearinghouse based in Florida. This acquisition was very important because QCX had just received major licenses from the CFTC, which provided Polymarket with the necessary legal structure to operate in the United States without a lengthy application process.
In July, CEO Shayne Coplan stated after the acquisition of QCX that, “we are laying the foundation to bring Polymarket home — re-entering the US as a fully regulated and compliant platform that will allow Americans to trade their opinions.”
This confidence also got support from the regulatory agency after the CFTC issued a no-action letter to QCX, providing temporary relief from certain swaps data reporting rules. Coplan also praised this development, calling it a “green light” for progress.
The Beta launch shows preparation ahead of a full public rollout, which is likely to happen before the end of November.
Polymarket Gains Google’s Visibility ahead of Potential Airdrop Launch
The platform recently grabbed headlines with a mainstream validation through a partnership with Google. The tech giant now displays Polymarket’s betting odds directly in its search results and on Google Finance for various real-world events.
Not only this, the company’s Chief Marketing Officer has earlier confirmed their plans to introduce their native token ‘POLY’, which will be distributed to users via an airdrop. However, there is no confirmation on its date.
Apart from this, a major investment of $2 billion from Intercontinental Exchange, the owner of the New York Stock Exchange, values Polymarket at up to $15 billion.
