🟣 Polymarket’s U.S. Return: “Green Light” Becomes Go-Time
After four years on the sidelines, the world’s biggest prediction market is set to reopen to U.S. users.
Potentially as soon as today…
📌 What Happened
To understand how we arrive at Polymarket potentially launching in the U.S. as soon as today, let’s look at the timeline.
In July, Polymarket bought QCX/QC Clearing (QCEX) for $112M, securing a CFTC-licensed exchange and clearinghouse.
On September 3, CFTC staff issued a no-action letter giving limited relief on event-contract reporting/recordkeeping for those entities.
Polymarket has since started self-certifying event contracts (sports, elections), clearing the final runway to switch the U.S. platform on.
Under CFTC rules, once a DCM files a certification, the agency has one business day to object; absent objection, the market can list immediately.
In its filings, Polymarket U.S. explicitly says listings will occur “no earlier than October 2, 2025,” which is why the platform could open as soon as tomorrow. Though other sources are reporting October 7, 2025.
There you have it. Polymarket U.S. is coming, if not today, soon.
🗣️ What They’re Saying
“Polymarket has been given the green light to go live in the U.S.A by the @CFTC.” -CEO Shayne Coplan, following the no-action letter.
🧠 Why It Matters
If you’re in the U.S., this means you can use Polymarket without a VPN—just a normal U.S. account.
Because it’s running on a CFTC-licensed venue, expect a quick KYC/identity check and standard U.S. compliance (some state-by-state limits may apply at launch).
The first listings should look familiar, likely sports spreads/totals and “who wins” elections.
And, thanks to the self-certification process, they can appear as soon as the next business day after filing (i.e. today).
Access will likely start on the official U.S. web app and then roll into App Store / Google Play once approvals are cleared (another huge potential lift – Polymarket mobile).
Overall this is clearly huge for U.S. adoption and should pour gasoline on what is the prediction market fire happening right now.
And may help them regain market share against Kalshi, which has pulled out to a bigger lead over the past month (66% market share last week).
Expect volumes to continue to grind up an to the right (barring any new legal or regulatory issues)…
🌎 Macro Crypto and Memes
A few Crypto and Web3 headlines that caught my eye:
Crypto majors are green again continuing the shutdown rally; BTC +2% at $118,800, ETH +2% at $4,380, XRP +1% at $2.99, SOL +4% at $225
ZEC (+50%), DEXE (+30%) and SPX (+17%) led top movers
Zcash rocketed ~63% to a three-year high, as traders (and Naval) pitch privacy coin as “insurance” hedge during Bitcoin strength
MSTR stock jumped 5% yesterday after Strategy avoided a multi-billion AMT (tax) hit after new IRS/Treasury guidance, easing concerns over taxes on unrealized gains tied to its Bitcoin holdings
Polymarket is poised to relaunch for U.S. users within days, as filings show self-certified contracts after acquiring a CFTC-licensed venue
Circle introduced a new tokenized U.S. Treasury fund U.S.YC on Solana
The UK government seeks to keep most of $7B in Bitcoin it just seized linked to massive Chinese fraud
The White House withdrew Brian Quintenz for CFTC chair, reopening leadership questions at the derivatives regulator amid active crypto agenda
New York is running a pilot to give low income residents $12,000 in U.S.DC to help alleviate poverty, with funding provided by Coinbase
In Corporate Treasuries / ETFs
VisionSys AI is partnering with Marinade Finance to launch a SOL TreasuryCo, aiming to acquire $500M in SOL over the next 6 months (and stake it) with larger goals to accumulate up to $2B
The U.S. government shutdown has halted the ETF approval process, diminishing hopes of any early October approvals (i.e. for SOL)
In Memes
Memecoin leaders are very green; DOGE +7%, Shiba +3%, PEPE +4%, PENGU +4%, BONK +3%, TRUMP +3%, SPX +19%, and FARTCOIN +8%
VIRU.S. +77% to $30M, LOOK +43% to $85M and aura +30% to $90M led onchain Solana movers
💰 Token, Airdrop & Protocol Tracker
Here’s a rundown of major token, protocol and airdrop news from the day:
Sui announced a new income-generating digital dollar token suiU.S.De powered by Ethena, with revenue used for SUI buybacks
Pump.fun introduced “easy onramp,” enabling new funding methods powered by Apple Pay, Phantom, Robinhood and more
Monad’s “intern” teased that Monad will launch in Q4
Lighter launched its public mainnet (perps dex) yesterday, now open to the public after 8 months of private beta
🚚 What is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
