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11h ago

Polymarket Said to Plan November U.S. Return With Licensed, Sports-Focused Markets

The reported relaunch relies on a CFTC-cleared path via QCX to offer a compliant sports product.

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Polymarket plans u.s. return for november with sports focus
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Overview

  • Bloomberg reported that Polymarket aims to restart U.S. operations in November with an invite-only rollout centered on sports markets.
  • The company is pursuing a compliance framework through its acquisition of QCX, a Florida exchange with CFTC registration.
  • A CFTC staff no-action letter provides conditional latitude for operations if specified criteria are met.
  • Early offerings are expected to prioritize high-volume events such as the NFL and NBA, according to the report.
  • Shares of Flutter and DraftKings fell about 3% and 5% after the report, while Polymarket’s prior 2022 CFTC settlement led to its earlier U.S. exit and a $1.4 million fine.