Polymarket pushes for broader US relaunch with CFTC talks: Report

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Source: Polymarket Some prediction platforms have had more success operating in the US than Polymarket. Kalshi, one of Polymarket’s biggest rivals, has emerged as a leading local prediction platform and an official market provider for major US crypto exchange Coinbase. Polymarket was once a leading prediction market platform, accounting for more than 90% of total monthly notional volume in November 2024, according to a Dune dashboard compiled by Datadashboards. The platform’s volume reporting has been questioned by firms such as Paradigm, and Polymarket has been steadily losing share to Kalshi since September 2025. Source: Datadashboards (Dune) Despite Kalshi outstripping Polymarket in volumes, both platforms have faced legal scrutiny in the US. Related: Kalshi, Polymarket among 27 prediction platforms banned in Brazil In the latest US state action, Wisconsin’s top law enforcement official on April 23 filed a lawsuit against Kalshi and Polymarket, alongside companies including Coinbase, Robinhood and Crypto.com, alleging that the firms facilitate illegal sports betting through “event contracts.” Additionally, the CFTC and Justice Department last week accused a US soldier of using classified information to make more than $400,000 on Polymarket’s international exchange, which authorities said he accessed via a VPN, in violation of US restrictions. Magazine: How to fix suspected insider trading on Polymarket and Kalshi

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