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Polymarket is attempting to re-enter the United States market, as it reportedly begins beta testing its operation. It has started this plan by allowing some users access, as well as matching trades.
The prediction market had originally left the US after it was fined by the Biden administration’s Commodities Futures Trading Commission (CFTC) for $1.4 million after being found to be operating without the necessary licensing. Like Kalshi, Polymarket also has Donald Trump Jr. on its advisory board. In July, under the Trump administration, the CFTC and Department of Justice closed their probes into the company.
Reported in Bloomberg, founder Shayne Coplan said:
“The US Exchange is actually live and operational and people are being onboarded. It’s effectively in a beta test.
“It’s the fastest anyone has ever gotten to market. Definitely a difficult task, but our team has been incredible and made that happen.”
Polymarket now owns QCX, which handles the derivatives exchange and clearinghouse side of the business, as it has CFTC approval.
Polymarket aims for the sportsbook market amid ‘beta test’
Polymarket will be keeping a keen eye on the sportsbook market. As we reported, Kalshi’s partnership with the NFL on FOX drove gamblers to spend as much as the entirety of Kalshi’s presidential election bets in just a week. The push by prediction markets into the sportsbook arena has raised concerns among Tribes and other operators. Because it is not classified as gambling, it falls outside many existing regulatory frameworks
Coplan said about going after sportsbooks:
“I don’t think anyone would argue that the sports book model is the optimal model.
“There’s a monopoly on pricing. You trade against the house every time and they can set whatever prices they want and to make matters worse, if you make any money, they can ban you.”
FanDuel has announced that it will be launching its own prediction markets. This would allow them into states where sports betting is outlawed.
ReadWrite has reached out to Polymarket for comment.
Featured image: Polymarket, Piotr Siedlecki
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PrizePicks has announced a multi-year partnership with Kalshi, which it calls the largest prediction market in the world. It also introduced a new prediction markets feature through its subsidiary, Performance Predictions II, a federally approved Futures Commission Merchant.
This comes just days after PrizePicks revealed another multi-year deal with Polymarket that will let the company offer event contracts through Polymarket’s upcoming prediction platform. Both companies say this integration will let PrizePicks users tap into sports, entertainment and cultural markets right inside the PrizePicks app.

Trade prediction markets on @PrizePicks
Sports. Movies. Music. Politics. Economics. And so much more are now live.
All event contracts listed on PrizePicks are Kalshi markets. pic.twitter.com/azleTUIFit
— Kalshi (@Kalshi) November 14, 2025

In the newest update, PrizePicks says customers can now make predictions on outcomes across sports, entertainment and pop culture using Kalshi’s library of event contracts. Every event contract available on PrizePicks comes from Kalshi markets.
PrizePicks and Kalshi partnership ‘a game-changing moment’
“Expanding into prediction markets delivers on what our customers want, innovative products with more ways to play,” said Mike Ybarra, CEO of PrizePicks in a press release. “Together with Kalshi, we will welcome new customers across many states to the PrizePicks experience, and we couldn’t be more excited about the opportunity ahead in this fast-growing space.”
Kalshi co-founder and CEO Tarek Mansour said the integration represents an important milestone for the prediction market company. “As of today, people will be able to access Kalshi’s prediction markets within the PrizePicks app,” Mansour said. “This is a game-changing moment, and we’re excited to be the first to fuel and supercharge the PrizePicks fan experience.”
PrizePicks says the new feature lets customers make predictions by buying contracts on a wide range of sports and cultural events through affiliated Designated Contract Markets. At launch, Team Picks and Culture Picks will be available in 38 states and Washington, D.C.

FYI: Team Picks now rolling out to users in AK, AL, AR, GA, HI, ID, MS, MT, NE, OK, OR, SC, SD, TX, WA pic.twitter.com/yeduy4EBRV
— PrizePicks (@PrizePicks) November 14, 2025

Team Picks will let users predict the winners of games, fights, matches and other sports outcomes. They will also be able to make season-long calls like win totals, playoff chances and championship winners.
Culture Picks will take things outside the sports world, covering music, movies, politics and other cultural moments. The company says fans will be able to predict outcomes like Best Picture, Album of the Year and even upcoming elections.
Featured image: PrizePicks
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