Reports Say Polymarket Could Launch in the US by the End of November

Reports have teased that Polymarket’s official launch in the US could happen sooner than many have imagined. According to Bloomberg, the prediction markets platform could go live in America by the end of November, allowing it to potentially capitalize on the remainder of the football season and other upcoming events.

Polymarket’s US Return Looms

Bloomberg said that anonymous people with knowledge of the matter have painted an optimistic picture of Polymarket’s launch in the US, saying that the company could make its return to the lucrative American market in the next few weeks.

However, the people familiar with the matter also told the news outlet that Polymarket will not be immediately available to everyone and will first run a beta testing round.

The purported November launch would put Polymarket in a perfect position to capitalize on major sporting events, such as the NFL and NBA seasons and the upcoming March Madness.

An Important Moment for Polymarket

Experts believe that Polymarket’s return to the US will empower the business, increasing its already strong international position. To top it all off, the launch is very likely to increase Polymarket’s valuation.

Earlier this month, Intercontinental Exchange (ICE), a leading global provider of technology and data and owner of the New York Stock Exchange (NYSE), unveiled a huge $2 billion investment in Polymarket, which further strengthened the latter company.  

Polymarket Teases Crypto Token

In other news, Polymarket just confirmed its plan to launch its own cryptocurrency, likely called POLY. Although news on the matter is sparse, the company’s chief marketing officer, Matthew Modabber, said that the current priority is reestablishing the company in the US.

Modabber promised that once Polymarket’s American position is secure, the company will unveil more news about its upcoming crypto token.

Separate rumors, on the other hand, suggested an upcoming funding round that could boost Polymarket’s valuation to $12 billion-$15 billion.