Where did Polymarket relaunch trading?

TLDR

Polymarket relaunched trading in the United States via a closed beta for select users, with the platform described as live and operational. See the U.S. beta relaunch report.

1. Founder confirmed a limited U.S. rollout, onboarding users to place real-money bets on live contracts (report).
2. Return enabled by a 2022 CFTC settlement and the acquisition of licensed exchange/clearinghouse QCX (overview).

Deep Dive

1. U.S. Beta Live

Polymarkets U.S. venue is running in a closed beta, with selected users already trading real contracts. The founder said the U.S. exchange is live and operational during a recent industry event, signaling the soft relaunch is underway as access widens gradually (The Block). Coverage also details onboarding and real-money bets under the beta framework (crypto news report).

2. Regulatory Pathway

The U.S. comeback follows a $1.4 million CFTC settlement in 2022, after which Polymarket operated offshore. In 2025, it acquired QCX (a licensed exchange and clearinghouse), giving a regulated pathway for event contracts and enabling the U.S. beta relaunch (CCN overview). Reports further note the restructuring and regulatory clearances that paved the way for limited U.S. trading under compliant entities (crypto news report).

3. Why It Matters

Polymarket is expanding distribution and visibility through media and sports partners, including a prediction hub on Yahoo Finance and a multiyear integration with UFC and Zuffa Boxing to visualize real-time fan sentiment during events (Yahoo Finance segment; CNBC coverage).

Conclusion

Polymarkets U.S. beta relaunch marks a regulated return after earlier enforcement and restructuring, with live trading for select users and broader access expected as compliance steps complete. The media and sports integrations suggest a push toward mainstream visibility, while the regulated framework should guide how fast the platform can scale nationwide.