Polymarket Returns to the US After CFTC Crackdown

Prediction markets platform Polymarket has quietly re-entered the United States in beta mode after resolving a regulatory enforcement case with the Commodity Futures Trading Commission (CFTC).

Platform founder Shayne Coplan announced at Cantor Fitzgerald’s crypto conference that the U.S. platform is now “live and operational,” according to a Bloomberg report. The beta phase has allowed select users to place bets on real contracts.

🚨 JUST IN: POLYMARKET REOPENS U.S. EXCHANGE IN BETA MODE, ALLOWING SELECT USERS TO PLACE BETS ON REAL CONTRACTS AHEAD OF ITS PLANNED RELAUNCH, ACCORDING TO BLOOMBERG. pic.twitter.com/Ce5taylF5Y

— Coinwaft (@coinwaft) November 13, 2025

Polymarket is now in its final stages before officially opening to the broader American market. The return follows years of offshore operations and significant regulatory compliance efforts.

Polymarket Regulatory Settlement Paved Path for U.S. Return

The CFTC forced Polymarket offshore after taking enforcement action against the platform for offering event-based binary-option contracts without proper registration as a designated contract market or swap execution facility.

The regulator determined that Polymarket’s “yes/no” event contracts constituted “swaps” under the Commodity Exchange Act, requiring specific licensing and oversight.

Polymarket settled with the CFTC for $1.4 million to resolve the enforcement action. In July, the company acquired licensed derivatives exchange and clearinghouse QCX for approximately $112 million.

The QCX acquisition provided the regulatory infrastructure necessary for Polymarket to legally re-enter the U.S. market with proper licensing and compliance frameworks in place.

Strategic Partnerships Signal Mainstream Integration

Ahead of its planned U.S. re-launch, Polymarket has secured partnerships with several major financial and technology firms.

Let’s take a look at @Polymarket’s partnerships this month:

– Yahoo
– Google
– Uniswap
– Diplo
– Threadguy
– Metamask
– Rabby
– Debank
– Zerion
– World App
– PrizePicks
– Chainlink
– Based
– NHL
– PPA & MLP

It means that every two days we saw new…

— lunatik (@lunatik_corp) November 12, 2025

Yahoo Finance became Polymarket’s exclusive prediction market partner on November 12. The partnership will display live Polymarket odds within financial stories, dashboards, and search results.

Earlier that week, Polymarket announced a collaboration with major U.S. fantasy sports app PrizePicks. Google Finance also confirmed it will integrate prediction data from Polymarket into its AI finance tools.

The platform has also struck deals with X, formerly Twitter, and received strategic investment from Intercontinental Exchange, the parent company of the New York Stock Exchange.

These partnerships mark a significant step in integrating blockchain-based prediction markets with traditional finance infrastructure and mainstream financial media outlets.

Despite operating offshore, Polymarket saw substantial growth and record activity during the 2024 U.S. presidential election. Last month, the platform achieved all-time highs in monthly volume, active traders, and newly listed markets.

However, competitor Kalshi, which maintains U.S. licensing, still outpaced Polymarket in October volumes. The activity surge on Polymarket may be linked to anticipated rollout of a native POLY token.

The convergence of regulatory compliance, strategic partnerships, and growing market activity positions 2025 as a defining year for Polymarket’s U.S. expansion and broader acceptance of decentralized forecasting models.