Polymarket quietly relaunches U.S. trading platform in Beta mode

On November 13th, as per Bloomberg, the decentralized prediction market platform Polymarket has quietly resumed operations in the United States in Beta mode. Founder Shayne Coplan is reported to have stated at Cantor Fitzgerald's cryptocurrency conference that the U.S. platform has "gone live and is operational," enabling selected users to place bets on real-world events. It is reported that the platform is in the final stages prior to its official launch in the United States. This soft relaunch marks a significant milestone for Polymarket after it resolved a 2022 enforcement action with the U.S. Commodity Futures Trading Commission (CFTC), which led 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 foundation for its return to the United States. After moving overseas, Polymarket has experienced substantial growth, particularly during last year's U.S. Presidential election. Last month, the platform set records with all-time highs in monthly trading volume, active traders, and newly listed markets. However, its U.S.-licensed competitor Kalshi surpassed it in trading volume in October. Following a full relaunch in the United States, the platform is expected to introduce its native cryptocurrency POLY, as confirmed by Polymarket's Chief Marketing Officer Matthew Modabber. This news has attracted more traders to participate in its prediction markets as they aim to meet undisclosed airdrop eligibility requirements. As the prediction market sector gradually matures and becomes a legitimate integration of information and finance, Polymarket has significantly expanded its influence by adding key partners.