Published on: October 28, 2025, 09:55h.
Updated on: October 28, 2025, 09:55h.
- Sports contracts poised to become a focal point in US market reinstatement
- Polymarket may resume operations in the US by late November on a trial basis
- The company faced a ban in the US since 2022
Polymarket is set to make a possible return to the US by the end of November, introducing a noteworthy presence in the nation’s sports-driven prediction markets.
According to unverified sources, Bloomberg reported on Tuesday that Shayne Coplan’s firm might resume activities in the US by next month; however, access will not be broad initially. The exchange is currently recruiting beta testers and has established a waitlist.
It is anticipated that sports contracts will be the cornerstone of Polymarket’s reentry into the US, aligning with the current timeline. Should the prediction market commence operations here next month, it would coincide with the conclusion of the college football regular season and the heightening of both the NFL and the upcoming NBA and college basketball seasons.
If Polymarket successfully enters the US market next month, it will occur nearly a year after the FBI’s raid on Coplan’s Manhattan residence and over three years following the company’s departure from the US due to complications with the Commodity Futures Trading Commission (CFTC).
Polymarket’s US Relaunch May Boost Company Valuation
The possibility of Polymarket’s partial revival in the United States comes amidst increasing valuations in the prediction market sector.
Recently, Intercontinental Exchange (NYSE: ICE), the owner of the New York Stock Exchange (NYSE), acquired a $2 billion stake in Polymarket, reflecting a pre-money valuation of $8 billion. This transaction elevated Coplan to the status of the youngest self-made billionaire ever, with the exchange’s post-transaction valuation estimated between $9 billion and $10 billion.
Last week, speculation emerged regarding Polymarket’s potential new funding round, which could value the company between $12 billion and $15 billion. Meanwhile, Kalshi, Polymarket’s chief competitor, recently completed a funding round that lifted its valuation to $5 billion, and it is purportedly seeking additional financing at a valuation bracket of $10 billion to $12 billion. Estimates suggest that over 80% of Kalshi’s volume is derived from sports event contracts, reinforcing the significance of these derivatives for Polymarket’s US comeback.
Some industry experts assert that the valuation disparity between the two firms largely stems from Polymarket’s greater affinity for cryptocurrency. Digital currencies, predominantly stablecoins, are used for trading on this platform, which operates on blockchain technology.
Understanding Polymarket’s Relationship with Cryptocurrency
The buzz surrounding Polymarket’s anticipated return to the US has not escaped the crypto community. Many insiders speculate that the narrative of the prediction market titan’s comeback may pave the way for the introduction of its own cryptocurrency and a possible airdrop.
It is believed that plans for the “POLY” token are already in motion, albeit not prioritized until the company secures its return to the US market.
This potential comeback takes place against the backdrop of escalating competition in the prediction markets arena. For instance, DraftKings (NASDAQ: DKNG) has made headlines with a recent acquisition geared towards launching DraftKings Predictions, while on Tuesday, Trump Media and Technology Group (NASDAQ: DJT) partnered with Crypto.com to integrate event contracts on the Truth Social platform.