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

BlockBeats News, November 13th, according to Bloomberg, the decentralized prediction market platform Polymarket has quietly relaunched in the United States in Beta mode. Founder Shayne Coplan reportedly said at Cantor Fitzgerald's cryptocurrency conference that the U.S. platform has "gone live and operational," allowing selected users to bet on real-world outcomes.

Reportedly, the platform is in the final stages before officially opening in the United States. This soft relaunch marks a milestone for Polymarket after resolving a 2022 enforcement action with the U.S. Commodity Futures Trading Commission (CFTC), which forced 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 groundwork for its return to the United States.

After moving overseas, Polymarket experienced significant growth, especially 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 seek to meet undisclosed airdrop eligibility requirements. As the prediction market sector gradually matures and becomes a legitimate fusion of information and finance, Polymarket has significantly expanded its influence by adding key partners.