Prediction Market News: Polymarket Launches App With CFTC Green Light in U.S. Return
Polymarket launched its U.S. mobile app for sports and proposition markets after receiving approval from the CFTC.Summary
Polymarket has officially launched its mobile application in the U.S., allowing users to bet on sports events and real-world outcomes under federal oversight, following approval from the Commodity Futures Trading Commission (CFTC). This launch marks a significant return for the platform after a 2022 regulatory issue where it was barred for offering unregistered event-based derivatives, leading to a $1.4 million settlement. Now, Polymarket operates as an intermediated exchange compliant with U.S. federal rules. The iOS app is rolling out via a waitlist, with Android support expected soon. The company intends to expand beyond sports into proposition bets, capitalizing on growing interest in prediction markets as alternatives to traditional polling.
(Source：CoinDesk)