TLDR Polymarket is in talks with the CFTC to bring its main exchange back to the US after being banned since 2022 The company’s current US beta only offers sports markets and has a long waitlist CFTC Chairman Michael Selig is effectively the sole decision-maker with four of five seats vacant A US Army soldier was recently charged with using classified intel to earn over $400,000 on Polymarket Rival Kalshi has reached a $22 billion valuation while operating under US regulation
Polymarket, the world’s largest prediction market platform, is pushing to bring its main exchange back to the United States. The company is in active discussions with the Commodity Futures Trading Commission about lifting restrictions that have kept American users off its core platform since 2022.
The talks were first reported by Bloomberg. They come after years of Polymarket operating offshore while building a massive global user base.
Polymarket was founded by Shayne Coplan in June 2020. The platform lets users buy shares on whether future events will happen, using blockchain technology built on the Polygon network.
The CFTC investigated Polymarket in late 2021. The agency found the platform had been operating as an unregistered facility for event-based binary options since launch. In January 2022, Polymarket was hit with a $1.4 million penalty and barred from accepting US customers.
Polymarket’s Limited US Presence
The company tried to re-enter the US market by paying $112 million in July 2025 to acquire QCEX, a CFTC-registered derivatives exchange. A beta version of Polymarket US launched at the end of 2025.
That beta product has been limited. It only offers sports markets and remains locked behind a waitlist with hundreds of thousands of users still waiting.
The platform’s most popular categories, including politics and macro-driven events, are not available on the