Prediction market Polymarket is preparing to return to the US in the coming weeks with a focus on sports betting, according to people familiar with the matter.
Initial trading is likely by the end of November but won’t be broadly available to everyone, said some of the people who asked not to be identified discussing the confidential plans. The timing of the launch could allow the company to capture more volume during peak US football and basketball season.
Polymarket’s launch in the US would cap a stunning turnaround after it was kicked offshore and paid a $1.4 million penalty in 2022 to settle allegations of illegal trading with the Commodity Futures Trading Commission.
