Polymarket US relaunch in Closed Beta with CFTC Nod
Polymarket US relaunch marks the return of a regulated, on-chain prediction market in closed beta for selected traders. The Polymarket US relaunch comes after the platform secured a no-action letter from the CFTC and acquired fully regulated entities QCEX and QC Clearing in a $112 million deal. Under CEO Shayne Coplan, users can now place real-money bets on sports events, with PrizePicks and DraftKings handling clearing services. Investor support includes Intercontinental Exchange and high-profile advisors like Donald Trump Jr. Valuation estimates have surged to as high as $15 billion following recent funding rounds. Traders should monitor liquidity, market depth and regulatory shifts as Polymarket competes with Kalshi, FanDuel and emerging entrants in the US prediction market.
Neutral
Polymarket US relaunch in closed beta with CFTC clearance is a positive development for platform credibility and user growth. However, since no native token trading was highlighted and market activity remains limited to select sports contracts, immediate price impact on any associated cryptocurrency is likely muted. In the short term, traders may see modest volume gains as users test liquidity, but broader token demand could remain stable until a full public launch. Over the long term, successful regulatory compliance and partnerships could boost platform adoption and support token valuation. Overall, the news contributes to a neutral market outlook until clearer token issuance or trading metrics emerge.