Polymarket quietly relaunched its U.S. trading platform in beta mode

According to Bloomberg, the decentralized prediction market platform Polymarket has quietly relaunched in the U.S. in Beta mode. Founder Shayne Coplan reportedly stated at Cantor Fitzgerald's cryptocurrency conference that the U.S. platform is "live and running," allowing selected users to bet on real contracts.

The platform is said to be in the final stages before officially opening in the U.S. This soft relaunch marks a milestone for Polymarket after resolving a 2022 enforcement case with the Commodity Futures Trading Commission (CFTC), which forced the company to move overseas and resulted in a $1.4 million fine. In July 2025, Polymarket acquired the licensed derivatives exchange and clearinghouse QCX, laying the regulatory groundwork for its return to the U.S.

After moving overseas, Polymarket experienced significant growth, especially during last year's U.S. presidential election. Last month, the platform set records with monthly trading volume, active traders, and the number of newly listed markets all reaching historic highs. However, its licensed competitor in the U.S., Kalshi, surpassed it in trading volume in October.

Following its full relaunch in the U.S., the platform is expected to introduce its native cryptocurrency POLY, a fact confirmed by Polymarket's Chief Marketing Officer Matthew Modabber. This news has attracted more traders to participate in its prediction markets, as they seek to meet undisclosed short investment qualification requirements. As the prediction market space matures, becoming a legitimate fusion of information and finance, Polymarket has significantly expanded its influence by adding major partners.