After a September decision from a US regulator paved the way for Polymarket’s return, the company is reportedly only weeks away from an initial relaunch.
Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks.
According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting.
The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for the company to “go live in the USA,” according to CEO Shayne Coplan.
Read more