CFTC-regulated prediction market exchange offering binary event contracts settled in US dollars
KYC requiredPolitics · Sports +4OtherAvailable in the US
Polymarket US
CFTC-regulated prediction market exchange for trading sports, politics, and macro event contracts
4.1/ 5
Our score
Very good
Market types
PoliticsSportsCryptoWeather
Settles in
USD
Trading fees
0% maker fee; taker fees vary by contract type
Available in the US
Yes
Regulated venue
Yes
KYC required
Yes
What is Polymarket US?
Polymarket US is a domestic prediction market exchange that lets American participants trade event-based binary contracts. Operating as a designated contract market, the platform offers order-book trading across politics, sports, crypto price moves, and weather outcomes.
Corporate structure and funding
The exchange is operated by QCX LLC (doing business as Polymarket US) under parent company Blockratize, Inc., which was founded in 2020 by Shayne Coplan in New York. Coplan attended New York University before launching the original prediction platform. The company has raised over $2.76B in capital, including a $55 million Series B round in 2024 from Founders Fund, an additional $150 million investment in 2025, capital from 1789 Capital, and a $1 billion investment from Intercontinental Exchange in October 2025.
How the exchange works
Unlike the offshore decentralized venue, Polymarket US is an off-chain, federally regulated derivatives market. Contracts trade on a binary Yes/No model where a winning outcome settles at $1.00 and a losing outcome settles at $0.00. Positions are fully collateralized through QC Clearing LLC (Polymarket Clearing). In addition to single markets, the platform supports multi-leg "combos" ranging from 2 to 10 event legs that settle as unified positions based on the collective outcome.
Trading fees and market rules
Polymarket US charges a 0% maker fee on liquidity-providing limit orders. Taker fees apply to high-frequency cryptocurrency contracts, select sports events, and general outcome markets. A portion of the taker fees collected by the venue directly funds maker rebates to sustain order book depth. If an event leg is canceled or postponed without resolution, a Settlement Committee calculates a last fair market price to establish an exit valuation.
Regulation and eligibility
Access is restricted to verified United States residents who complete identity verification. In July 2025, QCX LLC secured CFTC Designated Contract Market status. In September 2025, the CFTC issued Staff Letter 25-28 providing no-action relief to QCX LLC and QC Clearing LLC for fully collateralized binary options, formalizing domestic operations.
Risks and considerations
Trading binary contracts involves capital risk, as out-of-the-money positions expire worthless. All trades are settled centrally through Polymarket Clearing. Canceled event pricing relies on determinations made by the internal Settlement Committee.
Founders
Shayne CoplanFounder and CEO
Technologist and entrepreneur who attended New York University and launched Polymarket in 2020
Best for:US residents trading regulated event contractsSports bettors building multi-leg combo positionsPolitical forecasters following US midterm electionsMarket makers seeking zero-fee limit orders
Pros and cons
Pros
- CFTC Designated Contract Market status
- Zero maker trading fees with maker rebates supported by taker fees
- Combo functionality enables grouping 2 to 10 markets into one trade
- The broader Polymarket entity has disclosed $2.764B in funding, including a $1B investment from Intercontinental Exchange
Cons
- Strict identity verification required, excluding anonymous trading
- Restricted exclusively to United States residents
- Centralized clearing model exposes users to clearinghouse counterparty risk
- Disputed or unresolvable legs rely on discretionary pricing from an internal Settlement Committee
Our review
4.1/5
Very good
Polymarket US delivers a federally regulated event trading venue with zero maker fees, though traders face centralized resolution committees, mandatory domestic KYC, and selective taker fees.
Polymarket US provides federally regulated binary options trading for American participants under QCX LLC, which holds designated contract market status from the Commodity Futures Trading Commission. Traded contracts operate off chain and clear through QC Clearing LLC. Settlement occurs in US dollars rather than onchain stablecoins. The platform catalogs event contracts covering sports matchups like NFL and NBA games, alongside political midterms and weather outcomes.
Trading runs on a central order book using a standard YES/NO framework or multi-leg combos. Polymarket rolled out taker fees across high-frequency crypto contracts in January 2026, expanded them to select sports markets in February 2026, and adopted a wider schedule in March 2026. Makers pay 0% in fees and receive rebates funded by taker charges. Traders should weigh specific structural trade-offs:
- Contracts execute through a centralized, off-chain exchange environment.
- Settlement and unresolvable leg evaluations rely on the internal Settlement Committee using last fair market price.
- Participation requires identity verification under domestic CFTC rules.
Backed by parent company Blockratize, Inc. and founder Shayne Coplan, the broader Polymarket entity has raised $2.764B in funding from institutions including Founders Fund and Intercontinental Exchange. Monthly platform volume exceeded $10.57 billion in March 2026.
Specs
| Market types | Politics, Sports, Crypto, Weather · unverified |
|---|---|
| Settles in | USD · unverified |
| Chains | Other |
| Trading fees | 0% maker fee; taker fees vary by contract type · unverified |
| Resolution source | Settlement Committee and centralized exchange reports · unverified |
| Available in the US | Yes · unverified |
| KYC required | Yes · unverified |
| Regulated venue | Yes · unverified |
| Market topics | NFL, NBA, MLB, NHL, Tennis, Soccer, US Midterms, Elections, Cryptocurrency, Weather · unverified |
| Mobile app | Yes · unverified |
| Liquidity rewards | Yes · unverified |
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
CFTC-regulated binary contracts
Executes fully collateralized Yes/No event contracts that settle at $1.00 for winning outcomes and $0.00 for losing outcomes.
Multi-leg combo orders
Combines between 2 and 10 individual event legs into a single wager that pays out if all legs settle correctly.
Zero maker fees
Charges 0% on limit maker orders, with maker rebates funded through a share of taker fees.
Mobile apps for iOS and Android
Offers mobile applications for U.S. users to trade binary contracts and event markets.
Daily contract reporting
Publishes daily 21-column end-of-day market reports including open interest, high and low prices, and trade volumes.
Settlement Committee resolutions
Assigns a last fair market price to canceled or walked-over events to settle positions that cannot resolve naturally.
Inside Polymarket US
Trending markets
Displays the most active event contracts across sports, politics, and macro developments with real-time percentage odds and implied payouts.
Live
Provides in-game and live-event trading across ongoing football, basketball, baseball, and soccer matches.
Combos
Lets traders combine two to ten individual market legs into a single position that pays out when all selections win.
Polymarket Prediction Hub
Groups specialized contracts into dedicated event hubs, such as the Midterms Hub for Senate and House races or the NFL Hub for football champions.
Daily Market Report
Supplies downloadable end-of-day CSV summaries detailing open interest, trade volume breakdowns, block volumes, and settlement prices across contracts.
Polymarket US screenshots
What users say about Polymarket US
User sentiment is divided between praise for the platform's user-friendly interface and critical complaints regarding unhelpful customer support, delayed or frozen withdrawals, and missing promotional bonuses.
In their own words
“Good so Easy to use. Plenty of markets. Less fees than similar prediction apps. Fast payouts once your deposit settles. They could do a little better at explaining rules and such, but pretty easy to figure out by trial and error, just make small bets until you understand how everything works.”
“Best layout My favorite look and layout of and any trading app! The chat for every trade makes every play that much more fun! Super fast payout!”
“Best Prediction Market (in my opinion) This app does a great job at helping people who are new to prediction markets find their way around. Very user friendly all around. It is also enjoyable because unlike other apps like Draft Kings or Betr, this one isn’t overstimulating.”
“Unable to withdraw funds for month with no response from support This app is a complete scam. I’ve had money locked in Polymarket for over a month with zero ability to withdraw it, and their so-called support has gone completely silent.”
“Promotion scam I downloaded the app for the promotion of getting 50 in trade credits after depositing 10 dollars. Never got the 50, was told I had to wait till my deposit cleared and I would receive, well 4 days later when the deposit cleared still didn’t receive the credits, and now I’m being told…”
“Don’t waste your time Terrible app, don’t waste your time. Customer service is terrible, they do not respond, my ticket has been sitting for 2 weeks. There always seems to be some “error” when you try and withdraw funds. It always seems to work when you want to deposit funds though.”
Based on 46 App Store reviews, 100 Reddit posts and comments from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Polymarket US? Share your experience below.
Funding and investors
$2.8BTotal raised
4Rounds
3Investors
-
Funding round Oct 2025 $1B
-
Series D Aug 2025 Amount undisclosed
-
Funding round Jan 2025 $150M
-
Series B Jan 2024 $55M
FAQ
Who founded Polymarket US?
Shayne Coplan founded Polymarket in 2020 under parent company Blockratize, Inc.
Is Polymarket US legally available in the United States?
Yes. Polymarket US operates legally under QCX LLC as a designated contract market regulated by the Commodity Futures Trading Commission.
What trading fees does Polymarket US charge?
Maker fees are 0%, and makers receive rebates funded by taker volume. Taker fees apply to high-frequency crypto contracts, select sports, and broader scheduled markets.
Does Polymarket US require KYC verification?
Yes. Because Polymarket US is a federally regulated designated contract market, domestic users must complete identity verification to trade.
What assets and chains does Polymarket US support?
Polymarket US operates as an off-chain trading venue clearing through QC Clearing LLC, settling contracts in US dollar balances.
How are disputed or unresolvable markets resolved on Polymarket US?
Decisions are finalized by the exchange Settlement Committee. Markets or combo legs that cannot resolve settle at their last fair market price.
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