Polymarket: Seeking CFTC approval to resume access for U.S. users

CryptoWorld News reports, citing Bloomberg, that Polymarket is seeking to reopen its main prediction market platform so that U.S. users can access it. The company is discussing with the Commodity Futures Trading Commission (CFTC) the lifting of restrictions that block U.S. customers; approval would require an official vote by the commission. If successful, it would undo the 2022 settlement agreement reached with the CFTC, which required the company to restrict U.S. users and pay a $1.4 million fine. Polymarket has re-entered the U.S. market in a limited capacity by acquiring the crypto exchange Qcex, and plans to launch an application for U.S. users in December 2025, initially offering sports event contracts. The company said it will expand into more markets in the future. Meanwhile, competitor Kalshi has strengthened its position in the U.S. market and has become Coinbase’s official prediction market provider. Data shows that Polymarket accounted for more than 90% of monthly nominal trading volume in November 2024, but has fallen since September 2025. Polymarket has also denied allegations of user data leaks, stating that the relevant information is publicly accessible.