Polymarket could return to the US on a limited basis by the end of November, with sports contracts expected to feature, according to unidentified sources cited in a media report. The company was seeking beta testers and had a waitlist; the timing and scope of any return remained uncertain.
A potential return could bring another prediction-market platform into the US sports event-contracts sector.
The day’s most important stories, free. One email a day.
Polymarket US has agreed to stop offering new sports-related event contracts to Michigan customers and close residents’ remaining open positions by 25 November 2026, according to the report. A federal court approved the agreement, which the report says follows similar deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.
Polymarket US will stop selling new event contracts related to sports to Michigan customers, and open positions held by residents of that state will be closed by November 25 2026. A federal court approved the agreement, which came after comparable deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.
Novig reportedly expects to close a funding round by the end of the year that would value the sports prediction markets platform at $2bn. The report says the company is seeking to narrow the gap with Kalshi and Polymarket.
Boomer founder and chief executive Joe Asher said the sportsbook expects to have 16 locations open on 1 September and 20 by November, after completing its first year in Nevada. He said the business had initially aimed for about 10 locations after a year and plans to keep expanding its casino partnerships and customer base.
The Tunica-Biloxi Tribe of Louisiana has launched the prediction-market app SaltTrade Derivatives. SaltTrade will handle branding, marketing and customer experience, while Kalshi will supply exchange infrastructure, including matching, clearing, custody and surveillance.
Polymarket said it received approval from the US Commodity Futures Trading Commission to return to the US as an intermediated contract market, with immediate effect. The company said the amended designation order allows it to connect US customers directly with brokers; it announced the authorisation on Tuesday, nearly four years after moving operations abroad following regulatory action.