Overview
- Polymarket began rolling out a U.S.-focused mobile app through the App Store with initial access for waitlisted users and a debut focus on sports event contracts.
- The company is operating under an Amended Order of Designation that enables intermediated trading through futures commission merchants and ties the platform to federal exchange rules.
- To meet CFTC requirements, Polymarket implemented market surveillance upgrades, formal supervision policies, clearing procedures, and Part 16 regulatory reporting.
- The U.S. reentry follows a 2022 bar over unregistered event contracts and a 2025 acquisition of registered entities QCEX and QC Clearing, reported at $112 million, plus prior CFTC no-action relief.
- Reports indicate Intercontinental Exchange is considering investing up to $2 billion, while Polymarket faces a crowded U.S. field that includes Kalshi’s contested sports contracts and a new Fanatics prediction platform.