Derived from Cryptonews, Polymarket has begun live testing its U.S. exchange with a limited beta rollout, onboarding select users and matching real trades. Founder Shayne Coplan confirmed the beta phase at a Miami conference, noting the platform is fully functional for selected accounts ahead of a broader relaunch. The beta follows a 2022 CFTC settlement involving a $1.4 million fine and a move offshore. Polymarket acquired QCEX, a CFTC-approved derivatives exchange, to facilitate its return to the U.S. market. The platform aims to differentiate itself from traditional sports betting by offering a market-based model where users can set prices and bet on either side of an outcome. The company is also rumored to be developing a native $POLY token and has attracted interest from Google Finance, which plans to display live data from Polymarket and Kalshi.
Polymarket Quietly Launches US Beta Exchange After CFTC Settlement
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