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Polymarket Launches App With CFTC
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Polymarket Launches App With CFTC
Polymarket Launches App With CFTC Green Light in U.S. Return
Polymarket Launches App With CFTC Green Light in U.S. Return
Armed with CFTC approval, Polymarket has launched its mobile platform for sports and proposition markets under federal oversight.
By Helene Braun, AI Boost|Edited by Aoyon Ashraf
Dec 3, 2025, 7:23 p.m.
What to know:
- Polymarket has launched an app in the U.S., following CFTC approval after a 2022 regulatory ban.
- The iOS app is rolling out via a waitlist, with Android support coming soon and plans to expand into proposition and election markets.
- The launch comes amid rising interest in prediction markets, as rival Kalshi recently closed a $1 billion funding round.
Polymarket has launched a mobile app in the U.S., offering users a new way to bet on sports events using real money under federal oversight, the company announced on X on Wednesday.
The app, currently available for iOS, opens access to users on a rolling basis through a waitlist system. Android support is expected soon, the company said.
STORY CONTINUES BELOW
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This marks a major return for Polymarket in the U.S. after its 2022 run-in with regulators. The platform had previously been barred from operating stateside after the Commodity Futures Trading Commission (CFTC) found it offered unregistered event-based derivatives. That led to a $1.4 million settlement and a pivot toward regulatory compliance.
Now, with formal CFTC approval in hand, Polymarket is operating as an intermediated exchange under U.S. federal rules, much like traditional commodities platforms. The company is positioning itself not as a sportsbook, but as a venue for trading on the outcomes of real-world events.
For now, the app focuses on sports, offering odds markets for major games and tournaments. But Polymarket says it plans to expand quickly into proposition bets.
Polymarket's return to the U.S. coincides with growing interest in prediction markets as alternatives to polling and punditry. Advocates argue that these markets can surface valuable signals about public expectations and sentiment, especially in uncertain scenarios such as elections, policy decisions, or economic events.
Rival platform Kalshi recently closed a $1 billion funding round, valuing the company at $11 billion.
Polymarket
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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