- Polymarket’s mobile app allows users to bet on sports events under federal oversight.
- The app is available for iOS, with Android support coming soon.
- The platform received a 4.9-star rating after 29K reviews on Apple’s App Store.
Polymarket has officially launched its mobile app in the U.S., marking its return to the market after facing regulatory hurdles. The app is now available on iOS, allowing users to bet on sports events in compliance with federal regulations.
The launch comes after the company reached an agreement with the Commodity Futures Trading Commission (CFTC) in 2022, which had previously barred it from operating in the U.S. market.
U.S. Launch and Waitlist Rollout
The Polymarket app is being rolled out in phases, with users gaining access via a waitlist. As of now, the app is only available for iOS users, though an Android version is expected soon.
The launch follows a limited beta release, where users must download the app and join the waitlist by providing their phone number. Upon receiving an invite code, users can begin engaging with sports event contracts on the platform.
The app has already seen significant interest, with a 4.9-star rating on the Apple Store based on 29,000 reviews. The company’s gradual rollout strategy is designed to manage demand and ensure a smooth user experience.
“Invites are being sent out on a rolling basis,” Polymarket said in its announcement on X.
Regulatory Compliance and Future Markets
This launch marks a significant shift for Polymarket, which was forced to pivot in 2022 after the CFTC deemed it offered unregistered event-based derivatives. As part of the settlement, the platform agreed to pay a $1.4 million fine and update its operations to comply with federal rules.
Now, with the necessary regulatory approvals in place, Polymarket is operating as an intermediated exchange for prediction markets, not as a traditional sportsbook.
The U.S. launch is seen as a key step in bringing prediction markets into the mainstream, with plans to expand the types of events available for trading in the coming months.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
