Polymarket will likely start initial US relaunch in November: Report
Polymarket is reportedly planning an initial, limited relaunch for US residents before the end of November, focusing on sports betting.Summary
Prediction platform Polymarket is reportedly preparing for an initial relaunch in the United States before the end of November, according to a Bloomberg report citing sources familiar with the matter. This initial launch will feature limited trades available to US residents, with an emphasis on sports betting.
The path for Polymarket's return was cleared in September when the US Commodity Futures Trading Commission (CFTC) issued a no-action letter to a crypto derivatives exchange acquired by Polymarket, a move CEO Shayne Coplan stated would allow the company to "go live in the USA."
This potential reopening follows a significant valuation increase; reports from September suggested a valuation as high as $10 billion, up from $1 billion after a $200 million funding round in June. Separately, Trump Media and Technology Group announced plans to integrate prediction markets on Truth Social in partnership with Crypto.com.
(Source：Cointelegraph)