Polymarket Returns to the U.S. Market

^{Pictured: Shayne Coplan, CEO of Polymarket}

Polymarket has received official approval to operate in the United States, CEO Shayne Coplan announced.

“The CFTC has given Polymarket the green light to launch in the U.S. Many thanks to the Commission and its staff for their impressive work. This process was completed in record time,” Coplan wrote on social media platform X.

Coplan’s platform secured a path to the U.S. legal market after acquiring the derivatives exchange QCEX, which holds a license from the Commodity Futures Trading Commission (CFTC), for $112 million. On Wednesday, the CFTC confirmed it would not pursue enforcement actions against Polymarket or its affiliated companies. This decision effectively paves the way for Polymarket to begin operating legally in the U.S.

Earlier, both the CFTC and the Department of Justice concluded investigations into Coplan’s company over the acceptance of wagers from U.S. residents, without filing charges.

A further signal of Polymarket’s imminent return to the American market came with the announcement that Donald Trump Jr., the son of the U.S. President, had joined the company’s advisory board. His role will focus on supporting Polymarket’s strategic development.

Gambling Park notes that Polymarket stopped accepting bets from U.S. users in 2022 and paid a $1.4 million fine for operating without a local license.