Polymarket Relaunches in US, Eyes $10B Valuation Amidst Fierce Competition

Wednesday Dec 3 2025 19:00

Duration

1 min

  1. 1. Polymarket's US Relaunch: A Look at the Prediction Market Landscape

  2. 1.1 Polymarket and Kalshi: Surging Trading Volumes

Polymarket's US Relaunch: A Look at the Prediction Market Landscape

Prediction platform Polymarket has commenced its relaunch in the United States, announcing that waitlisted users will be the initial beneficiaries gaining access to its US application. In a recent X post, Polymarket stated its intention to grant US app access to waitlisted individuals, initiating with wagers on sports event contracts, and subsequently expanding to encompass "markets on everything." This official launch transpires approximately three months after the US Commodity Futures Trading Commission (CFTC) issued a no-action letter regarding a crypto derivatives exchange and clearinghouse acquired by Polymarket, paving the way for the introduction of its US services. A full-scale reopening to US markets could potentially elevate Polymarket's valuation to as high as $10 billion. This announcement coincides with Kalshi's completion of a $1 billion funding round, valuing the platform at $11 billion, thereby sustaining its close competitive relationship with Polymarket. Activity on prediction markets like Kalshi and Polymarket has witnessed a substantial surge in 2024, partly attributable to heightened interest in event contracts pertaining to the US elections. Cryptocurrency exchange Coinbase is reportedly developing a platform underpinned by Kalshi. Furthermore, in October, Trump Media and Technology Group, co-founded by former US President Donald Trump, disclosed plans to enable prediction markets through its Truth Social platform.

Polymarket and Kalshi: Surging Trading Volumes

According to data from Token Terminal, Kalshi and Polymarket remain the foremost prediction platforms as measured by trading volume, followed by SX, BetSwirl, and Azuro. Kalshi recorded approximately $4.4 billion in trading volume for October, while Polymarket registered just over $3 billion. Sources suggest that Polymarket could attain a valuation of $15 billion following a fresh influx of capital from investors.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Noah Lee

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all
spacex-stock

Wednesday, 12 August 2026

Duration

7 min

SpaceX Stock Jumps 9.7% on Starlink and AI Push; LUNR Gains Ahead of Earnings

Tuesday, 11 August 2026

Duration

6 min

Gold Price Today, August 12, 2026: XAU/USD Rises 0.5% Near $4,400 Ahead of US CPI
What Factors Drive Crude Oil Price Fluctuations

Tuesday, 11 August 2026

Duration

5 min

Oil Nears $90 as Fading U.S.-Iran Deal Hopes Renew Hormuz Supply Fears

Latest news

gold-trading

Wednesday, 12 August 2026

Indices

Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets

tsmc-stock

Wednesday, 12 August 2026

Indices

TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector

WTI vs Brent Crude Oil

Wednesday, 12 August 2026

Indices

Oil Prices Fall Over 1% as OPEC and IEA Cut 2026 Demand Forecasts

bank-of-japan

Wednesday, 12 August 2026

Indices

USD/JPY forecast: Rate gap limits impact of US and Japanese intervention

kospi

Wednesday, 12 August 2026

Indices

KOSPI Jumps Nearly 5% as SK Hynix Surges 7% and Asian Chip Rally Accelerates

Tuesday, 11 August 2026

Indices

Gold Price Today, August 12, 2026: XAU/USD Rises 0.5% Near $4,400 Ahead of US CPI

What Factors Drive Crude Oil Price Fluctuations

Tuesday, 11 August 2026

Indices

Oil Nears $90 as Fading U.S.-Iran Deal Hopes Renew Hormuz Supply Fears

nio stock news today

Tuesday, 11 August 2026

Indices

NIO Stock News Today: Shares Slide as BlackRock Trims Stake Despite Record ES9 Demand

sk-hynix

Tuesday, 11 August 2026

Indices

U.S. Stocks Fall as SpaceX Drops 3.9%, While SK Hynix Jumps 4.7%

USD/JPY forecast

Tuesday, 11 August 2026

Indices

USD to JPY Exchange Rate May Have Peaked, Eurizon Sees Yen Strengthening to 125

See all news