Polymarket has returned to the US market after settling regulatory issues and acquiring QCEX for $112 million in July 2025, securing Commodity Futures Trading Commission approval. The platform now competes directly with Kalshi for American retail prediction market traders. The commercial stakes are substantial, with industry-wide trading reaching $1.8 billion during the opening Sunday of the 2026 NFL season. Polymarket offers new users a $25 trading credit after a qualifying $10 deposit. A legal dispute between federal regulators and state authorities over the classification of sports-related contracts remains unresolved, with the NFL supporting New Jersey’s petition to the Supreme Court.
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