Polymarket opens US app to waitlisted users after CFTC green light
Cointelegraph
Polymarket is relaunching its US app for waitlisted users following approval from the CFTC.Summary
Prediction platform Polymarket has started rolling out its US app to waitlisted users, initially focusing on sports event contracts before expanding to other markets. This relaunch follows a no-action letter issued by the US Commodity Futures Trading Commission (CFTC) to a derivatives exchange acquired by Polymarket, which paved the way for its US services. The full reopening could potentially value Polymarket as high as $10 billion, placing it in close competition with Kalshi, which recently closed a $1 billion funding round at an $11 billion valuation. Activity on both Polymarket and Kalshi has surged in 2024, partly due to interest in US election-related event contracts.
(Source：Cointelegraph)