Prediction Market Polymarket Poised to Relaunch in US Within Days

Core Insights - Polymarket is set to reopen to U.S. users after nearly four years of being effectively banned by the CFTC, with potential relaunch as soon as tomorrow [1] - The company acquired QCX LLC for $112 million, gaining a Designated Contract Market license that allows self-certification of markets for U.S. users [2] - Following the acquisition, Polymarket received a no action letter from the CFTC, allowing it to proceed with its U.S. operations [3] Company Developments - Polymarket is targeting U.S.-based users with regulated and self-certified markets, leveraging its DCM license [4] - The company has stated that markets will be listed no earlier than October 2, 2025, with filings for various event contracts [5] - CEO Shayne Coplan discussed the evolving regulatory landscape during a panel with other industry executives [6] Market Context - Polymarket gained prominence during the lead-up to the 2024 election, successfully predicting the reelection of President Donald Trump [3] - The prediction market sector has seen significant growth, with Polymarket and its competitor Kalshi achieving hundreds of millions in weekly trading volume [3] - Kalshi has recently gained market share due to its established presence in the U.S. through its own DCM license [3]