News: Polymarket Plans To Offer Sports Betting In US On Launch
The prediction market self-certified markets for sports and elections with the CFTC on Tuesday. Polymarket is working with Sportsdata.io as a data provider.
Editor’s note: This story has been updated to reflect an update in the self-certification timeline.
Polymarket is going to be offering legal sports betting in the US. The US-facing arm of Polymarket self-certified prediction markets on Tuesday for both sports betting and elections as it prepares to launch.
Polymarket US posted the self-certifications with the Commodity Futures Trading Commission at the website for QCEX, the company Polymarket bought earlier this year. Polymarket will be offering prediction markets via both a designated contract market and a derivatives clearing organization that it owns.
It’s still not clear when Polymarket US might launch, but the self-certifications originally noted that the markets could not be offered earlier than Oct. 7. The date on the self-certifications changed on the website sometime on Wednesday afternoon, to Oct. 2. It’s at least feasible that a launch is imminent.
The self-certifications also note that Polymarket is acquiring “official event data” from Sportsdata.io.
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What markets will appear on Polymarket US? I’ve included screenshots from the self-certifications:
Game winners (moneylines)
Point spreads
Point totals
Election winners
The self-certifications are agnostic on the sport being played, so they could cover a wide range of events.
Also of note, Polymarket will allow trades in increments of (and as low as) $0.001 instead of just $0.01:
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