Polymarket’s US Debut: Ready, Set, Predict!

🟣 Polymarket’s US Relaunch: The Go Signal

After a four-year absence, the leading prediction market platform is gearing up to welcome back US users.

The launch could happen as early as today.

📌 The Key Details

To understand how Polymarket could be launching in the US imminently, here’s a summary of recent events:

• In July, Polymarket acquired QCX/QC Clearing (QCEX) for $112 million, securing a Commodity Futures Trading Commission (CFTC)-licensed exchange and clearinghouse.
• On September 3rd, the CFTC issued a “no-action” letter, providing limited exemptions for reporting and record-keeping requirements.
• Polymarket has since started self-certifying event contracts, clearing the way for the US platform to go live.
  • Under CFTC regulations, the agency has one business day to object to a certification filed by a designated contract market (DCM). If no objection is raised, the market can launch immediately.
• Polymarket’s filings indicate listings will occur “no earlier than October 2, 2025,” suggesting a possible launch today, though some sources point to October 7, 2025.

So, Polymarket’s US launch is imminent, possibly today.

🗣️ In Their Words

“Polymarket has received the green light to operate in the US from the @CFTC.” –Shayne Coplan, CEO, after the no-action letter was released.

🧠 Why This Matters

US-based users can soon access Polymarket directly without needing a VPN.

Expect standard Know Your Customer (KYC) verification and compliance procedures due to its operation under a CFTC license (potential state-by-state limitations may apply initially).

Initial listings will likely focus on familiar areas such as sports spreads/totals and election outcomes.

Thanks to self-certification, listings can appear quickly after filing, potentially today.

Access is expected via the official US web app initially, with potential future availability on the App Store and Google Play (a significant boost for Polymarket’s mobile presence).

This relaunch is expected to greatly boost US adoption and further fuel the growing popularity of prediction markets.

It could also help Polymarket regain market share from Kalshi, which currently holds a larger lead (66% last week).

Expect volume to continue increasing, barring any legal or regulatory complications.

🌎 Crypto and Meme Highlights

Key headlines from the world of crypto and Web3:

• Cryptocurrencies are on the rise, extending the positive trend; BTC +2% at $118,800, ETH +2% at $4,380, XRP +1% at $2.99, SOL +4% at $225
• Top performers include ZEC (+50%), DEXE (+30%), and SPX (+17%).
• Zcash has seen a significant increase of approximately 63%, reaching its highest value in three years, as traders and Naval Ravikant consider it a privacy-focused hedge during Bitcoin’s strength.
• MSTR stock increased by 5% after Strategy avoided a substantial Alternative Minimum Tax (AMT) impact following guidance from the IRS/Treasury Department, which eased concerns regarding taxes on unrealized gains associated with its Bitcoin holdings.
• Polymarket is preparing to relaunch for US users soon, with filings showing self-certified contracts following the acquisition of a CFTC-licensed exchange.
• Circle has released a new tokenized U.S. Treasury fund, U.S.YC, on Solana.
• The UK government intends to retain the majority of the $7 billion in Bitcoin confiscated in connection to a major Chinese fraud case.
• The White House has withdrawn Brian Quintenz’s nomination for CFTC chair, creating leadership uncertainty at the agency during a period of significant crypto-related activity.
• New York is conducting a pilot program to provide low-income residents with $12,000 in U.S.DC to combat poverty, with funding from Coinbase.

Corporate Treasuries / ETFs

Meme Spotlight

• Leading memecoins are mostly experiencing positive gains: DOGE +7%, Shiba +3%, PEPE +4%, PENGU +4%, BONK +3%, TRUMP +3%, SPX +19%, and FARTCOIN +8%
• Top on-chain Solana movers included VIRU.S. (+77% to $30M), LOOK (+43% to $85M) and aura (+30% to $90M).

💰 Token, Airdrop & Protocol Updates

Here’s a summary of the significant token, protocol, and airdrop news of the day:

• Sui has introduced a new yield-generating digital dollar token, suiU.S.De, powered by Ethena, with proceeds used for SUI buybacks.
• Pump.fun has added an “easy onramp,” featuring new funding options through Apple Pay, Phantom, Robinhood, and more.
• Monad’s “intern” has suggested that Monad will launch in Q4.
• Lighter has launched its public mainnet (perps dex), now accessible to the public following 8 months of private beta testing.

🚚 NFT Developments

Here’s a rundown of the day’s noteworthy headlines in the NFT space:

• ETH NFT leaders were generally stable, with Hypurrs leading; Punks stable at 47.3 ETH, Pudgy stable at 10, BAYC -3% at 8.75 ETH.
• Hypurr’s rebounded by 30% to a floor price of 1,500 HYPE ($71,000).
• Punk Strategy increased by 50%, reaching $140 million and a new all-time high, 65% toward its 20th Punk; BIRBStrategy +80% to $12M and PDGYSTR +60% to $11M were leading movers.
• A NodeStrategy has teased its launch, planning an auction to acquire NodeMonkes in a similar style to other NFT Strategies (independent).
• Doodles are featured on Froot Loops boxes, with 500 limited edition NFTs selling for $50 on Base.
• Oh Baby Games has announced its first NFT project, the “Oh Baby Pass,” launching next week.