Polymarket Surpasses Previous Records in Market Creation, Aims for U.S. Resurgence

Polymarket Returns to the U.S. Market with Regulatory Approval

Polymarket, a decentralised prediction market platform, is set to make a comeback in the American market following regulatory approval from the Commodity Futures Trading Commission (CFTC). This will mark Polymarket's first American-facing operation since January 2022.

The CFTC's no-action letter has provided clarity on swap data and recordkeeping rules related to event contracts, paving the way for Polymarket's resurgence. This regulatory "green light" has been welcomed, as the platform exited the market in January 2022 due to regulatory pressure.

In a significant move, Polymarket plans to re-enter the U.S. market through the acquisition of QCEX, a registered derivatives exchange. The timing for the U.S. relaunch is yet to be determined.

Donald Trump Jr., a prominent figure, has shown his support for Polymarket by making a personal investment and joining the platform's advisory board last month. Elon Musk's social media platform X has also announced a partnership with Polymarket.

Traders may have been sidelining, waiting for Polymarket's U.S. relaunch. However, the surge in new markets suggests anticipation for the next political flashpoint. In August alone, Polymarket logged its highest monthly total of new markets ever created, with over 13,800 new markets listed. This surpasses the previous record set in July by 2,000.

The focus for Polymarket is on regulatory requirements for its U.S. re-entry. The platform's return could potentially lead to new institutional deals and sponsorships.

Despite the active user count dropping to 227,000, Polymarket surged to a $2.6B volume high during the 2024 election frenzy. However, the volume then flatlined near $1B. August's spike in market creation indicates that the platform may be gearing up for another volume rebound ahead of 2026.

Polymarket's strategic return to the United States has been attributed to the surge in new markets. The company is aiming for a September 2025 re-entry, but the exact date is yet to be confirmed.

Polymarket Surpasses Previous Records in Market Creation, Aims for U.S. Resurgence