Polymarket has begun rolling out its mobile app to users in the United States, marking the platform's first regulated return to the market since it was ordered to cease operations in 2022.
The company confirmed that waitlisted users can now access sports-related contracts through the iOS app, with an Android release expected soon.
The move follows the Commodity Futures Trading Commission's decision in September 2024 to issue Polymarket a no-action letter, clearing the path for the operator to relaunch under federal oversight.
In 2022, the CFTC found that Polymarket had offered unregistered event-based derivatives to US customers, resulting in a $1.4m settlement and a requirement to block domestic users.
To meet regulatory standards, Polymarket acquired a crypto derivatives exchange and clearinghouse, restructuring itself to operate as an intermediated exchange under CFTC rules.
In its announcement, the company said the app will expand beyond sports markets after the initial rollout.
Polymarket stated on X: "We're launching with sports, followed by markets on everything."
The relaunch comes as activity in the US prediction markets sector accelerates. Rival platform Kalshi recently raised $1bn at an $11bn valuation. According to October data from Token Terminal, Kalshi processed roughly $4.4bn in trading volume that month, compared with just over $3bn for Polymarket.
Polymarket has also signed a series of partnerships while preparing its US return. In November, crypto exchange Based announced that users would be able to trade Polymarket contracts through the platform, with direct fund transfers between Based accounts and Polymarket.
The collaboration incorporates Hyperliquid cryptocurrency and includes incentives for Based users who trade prediction contracts.
Polymarket noted that access to the US app will continue to expand on a rolling basis as additional invites are issued.
Google Finance recently added both Kalshi and Polymarket data to its platform as part of a broader expansion into prediction-market analytics
