Polymarket

Rule Changes

Runs a CFTC-registered U.S. exchange and an offshore platform; under CFTC investigation

Polymarket's brokerage unit, PM Derivatives LLC, is now a futures commission merchant: a firm licensed to take customer orders and hold customer money. The National Futures Association approved the registration on October 30, 2026, and Polymarket announced it on November 3.

Updated 3 days ago

Money Moves

Pursuing U.S. re-entry as Kalshi's main competitor

Kalshi raised another $1 billion on October 30, at a $40 billion valuation, with Sequoia and Wellington leading the round. The deal came about five months after a $1 billion raise at $22 billion, and Kalshi says it will use the capital to expand beyond prediction markets into a multi-asset platform.

Updated Oct 31

Rule Changes

Linked to foreign political advertising under investigation

Brazil's Supreme Court ordered federal police on Oct. 27 to investigate whether foreign money or services reached Flávio Bolsonaro's failed presidential campaign. Justice Flávio Dino's 38-page order names the Rockbridge Network, a donor group co-founded by Vice President JD Vance.

Updated Oct 31

Rule Changes

As of September 2026: Operating in Michigan while facing legal challenge

A water tower along I-94 in Detroit now carries the dark blue logo of Polymarket, the prediction market platform. The city says the ad has no permit and plans to investigate.

Updated Sep 18

Rule Changes

As of May 2026: Faces regulatory scrutiny amid insider trading scandals

Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. An Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing suspiciously accurate bets on the June 2025 Israel-Iran war — a first.

Updated May 29