The prediction market platform is discussing lifting the ban and restoring full access for American users. A formal CFTC vote would be required to approve the move.
The prediction market platform Polymarket is in talks with the Commodity Futures Trading Commission (CFTC) about lifting the ban and restoring full access for American users, Bloomberg reports, citing sources familiar with the situation.
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A decision would require a formal vote by CFTC commissioners. The commission currently has four vacant seats, which simplifies the process. Chairman Mike Selig is known for his industry-friendly stance, increasing the chances of a positive outcome.
History of Restrictions and Partial Return
In 2022, Polymarket reached a settlement with the CFTC, paid a $1.4M fine, and blocked US users due to offering unregistered binary options. The platform did not operate in the US for a long period afterward.
At the end of 2025, the company re-entered the market by acquiring regulated derivatives exchange QCEX for $112M. Polymarket US now operates in beta mode and primarily offers sports event bets in the form of regulated derivatives, without direct cryptocurrency use.
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Outlook and Connections
A full return of the main business would allow Polymarket to compete with Kalshi, which already has strong US positioning. The platform has indirect ties to President Trump’s family. Donald Trump Jr. invested in Polymarket through the 1789 Capital fund and advises both Polymarket and Kalshi.
Prediction markets continue to show explosive growth. In March 2026, combined trading volume on Polymarket and Kalshi reached a record $23.6B.
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