Polymarket has launched a mobile app in the US, offering users a new way to bet on sporting events using real money under federal supervision, 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.
This marks a major return for Polymarket in the US after its run-in with regulators in 2022. The platform had previously been banned from operating in the United States after the Commodity Futures Trading Commission (CFTC) found it offering derivatives based on unregistered events. 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 a brokered exchange under US federal rules, just like traditional commodities platforms. The company is not positioning itself as a sportsbook, but as a place to trade the results of real-world events.
For now, the app focuses on sports and offers odds markets for major games and tournaments. But Polymarket says it plans to quickly expand into proposition betting.
Polymarket’s return to the United States coincides with growing interest in prediction markets as alternatives to surveys and experts. Proponents argue that these markets can generate valuable signals about public expectations and sentiment, especially in uncertain scenarios such as elections, political decisions or economic events.
Rival platform Kalshi recently closed a $1 billion funding round, valuing the company at $11 billion.
