Robinhood

April

Polymarket

would

Polymarket is seeking regulatory approval to reopen its main prediction markets platform to US users, Bloomberg reported Tuesday, citing people familiar with the matter.
<a href="https://www.bloomberg.com/news/articles/2026-04-28/polymarket-seeks-cftc-blessing-to-bring-main-exchange-back-to-us" rel="noopener noreferrer nofollow">According</a> to Bloomberg, Polymarket has been engaging with the US Commodity Futures Trading Commission (CFTC) to lift the prohibition on US-based customers.
The move would mark a broader US return for the company, which re-entered the market in a limited form last year through its regulated QCEX-based setup but still keeps Americans off its main international exchange.
Any broader relaunch would reverse a restriction dating back to Polymarket’s 2022 <a href="https://www.cftc.gov/PressRoom/PressReleases/8478-22" rel="noopener noreferrer nofollow">settlement</a> with the CFTC, which required the platform to block US users and pay a $1.4 million civil penalty over unregistered event contracts.
Removing the prohibition would require a formal CFTC commission vote, a process that could be easier given that four commissioner seats are vacant, leaving fewer members needed to reach a decision, according to the report.
A full US return would add to competition in the country’s fast-growing prediction markets sector, where rivals such as Kalshi have built a stronger foothold even as the industry faces mounting legal and regulatory scrutiny at both state and federal levels.
Polymarket declined to comment to Cointelegraph about the report.
<h2 id="polymarket-made-us-comeback-with-sports-event-contracts-in-late-2025">Polymarket made US comeback with sports event contracts in late 2025</h2>
Polymarket has so far made limited progress in resuming US operations. In December 2025, Polymarket announced that its US app was rolling out with waitlist-only access. The app initially focused exclusively on sports contracts, with Polymarket saying it would be “followed by markets on everything.”
<img alt="Polymarket pushes for broader US relaunch with CFTC talks: Report" height="338" src="https://payload.lum-tri.org/api/media/file/pasted-image-129.png?prefix=media%2Fcontent" width="677">
Source: <a href="https://x.com/Polymarket/status/1996231420117688701?s=20" rel="noopener noreferrer nofollow">Polymarket</a>
Some prediction platforms have had more success operating in the US than Polymarket. Kalshi, one of Polymarket’s biggest rivals, has emerged as a leading local prediction platform and an official market <a href="https://x.com/coinbase/status/2016582529407488133" rel="noopener noreferrer nofollow">provider</a> for major US crypto exchange Coinbase.
<h2 id="polymarket-losing-volume-share-to-kalshi-as-both-platforms-face-legal-pressure-in-the-us">Polymarket losing volume share to Kalshi as both platforms face legal pressure in the US</h2>
Polymarket was once a leading prediction market platform, accounting for more than 90% of total monthly notional volume in November 2024, <a href="https://dune.com/datadashboards/prediction-markets" rel="noopener noreferrer nofollow">according</a> to a Dune dashboard compiled by Datadashboards.
The platform’s volume reporting has been <a href="https://www.paradigm.xyz/2025/12/polymarket-volume-is-being-double-counted" rel="noopener noreferrer nofollow">questioned</a> by firms such as Paradigm, and Polymarket has been steadily losing share to Kalshi since September 2025.
<img alt="Polymarket pushes for broader US relaunch with CFTC talks: Report" height="548" src="https://payload.lum-tri.org/api/media/file/pasted-image-130.png?prefix=media%2Fcontent" width="623">
Source: Datadashboards (Dune)
Despite Kalshi outstripping Polymarket in volumes, both platforms have faced legal scrutiny in the US.
Related: <a href="https://cointelegraph.com/news/kalshi-polymarket-among-27-prediction-platforms-banned-in-brazil" rel="noopener noreferrer nofollow">Kalshi, Polymarket among 27 prediction platforms banned in Brazil</a>
In the latest US state action, Wisconsin’s top law enforcement official on April 23 <a rel="noopener noreferrer nofollow">filed a lawsuit against Kalshi and Polymarket</a>, alongside companies including Coinbase, Robinhood and Crypto.com, alleging that the firms facilitate illegal sports betting through “event contracts.”
Additionally, the CFTC and Justice Department last week <a rel="noopener noreferrer nofollow">accused a US soldier of using classified information</a> to make more than $400,000 on Polymarket’s international exchange, which authorities said he accessed via a VPN, in violation of US restrictions.
Magazine: <a href="https://cointelegraph-magazine.com/fix-insider-trading-polymarket-kalshi/" rel="noopener noreferrer nofollow">How to fix suspected insider trading on Polymarket and Kalshi</a>

Polymarket pushes for broader US relaunch with CFTC talks: Report

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