Polymarket's return to the U.S. faces setbacks: business lagging, CEO accused of "nominal management"

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Deep Tide TechFlow News, May 6th, according to The Information, Polymarket is attempting to re-enter the domestic market four years after leaving the U.S. market by acquiring a derivatives and futures exchange with a U.S. license to re-enter the regulatory system, and appointing Justin Hertzberg to oversee U.S. operations. However, the latest situation shows that Polymarket’s U.S. business is not progressing as expected, with market share significantly lagging behind major competitor Kalshi.

It is reported that Justin Hertzberg is more inclined to a “nominal CEO” role within the company, with main responsibilities focused on signing regulatory documents. The actual operation and expansion capabilities of the U.S. business are limited, and overall, Polymarket’s return to the U.S. market still faces dual challenges of regulation and execution.

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