Polymarket, a prediction market operator, has initiated the rollout of its US exchange for iOS users following the conclusion of a waitlist that lasted over six months.
This launch enables US customers using Apple devices to engage with trading markets directly via the app, eliminating the need for an invitation-only signup process. However, the platform still lacks an Android app, and the company has not provided any timeline for its release.
According to a statement on Polymarket's website, “The US app is now being rolled out to those on the waitlist. Provide your phone number below to secure your spot and be notified when it's your turn.”
The rollout comes after Polymarket's acquisition of QCEX, a Commodity Futures Trading Commission (CFTC)-licensed exchange, in July 2025, which allowed the company to operate under QCEX’s regulatory framework.
Industry analysts had predicted a US relaunch late last year after the CFTC issued a revised order of designation.
Originally launched in 2020, Polymarket faced restrictions in the US after settling with the CFTC in 2022 over unregistered derivatives offerings. This settlement included a $1.4 million fine and prohibited the company from providing services to US users.
The company's return to the market was facilitated by obtaining futures commission merchant status, enabling it to offer event contracts within the United States.
Polymarket's US operations have also attracted attention for other reasons. In November 2024, the FBI conducted a raid on the New York apartment of founder Shayne Coplan.
The timeline for the relaunch extended beyond initial expectations. Coplan had previously indicated that the platform received a “green light” to launch in September 2025, ahead of the NFL season, although the company remained in a limited-access phase for several months afterward. Delays may have been due to operational challenges related to QCEX.
While Polymarket claims to be the largest prediction market globally by volume, its competitor Kalshi gained a significant advantage in the US market during Polymarket's absence.
Some industry estimates suggest that Kalshi holds a 90% share of the US prediction market volume, with Polymarket and Crypto.com accounting for most of the remaining market.
This disparity is also reflected in company valuations. Polymarket is reportedly seeking funding at a valuation of $15 billion, while Kalshi recently completed a funding round that valued it at $22 billion.
Despite its restricted status, Polymarket had already become the second-largest prediction platform in the US by trading volume earlier this year, surpassing Crypto.com in March.
The company experienced spikes in trading activity related to sports during major events, reporting approximately $60 million in trading volume during the opening rounds of March Madness and over $90 million during the 2026 Masters tournament. Its average daily trading volume over the past week was nearly $50 million, though it still trails behind Kalshi's figures.
Data from Dune Analytics indicated that Polymarket's notional trading volume fell in April, marking the first monthly decline in eight months, while Kalshi experienced double-digit percentage growth during the same timeframe.
Meanwhile, the demand for access to Polymarket's US platform remains high, with reports suggesting that over 1.4 million customers had joined the waitlist prior to the latest rollout.
Before the official relaunch, many users in the US were believed to have accessed the platform using virtual private networks (VPNs) to conceal their internet protocol addresses and locations.
Interest in prediction markets continues to rise in the United States, with a recent survey indicating that 15% of Americans had purchased sports event contracts, compared to 27% who reported having an active sportsbook account.