Prediction platform Polymarket is set to launch trading services in the US by the end of November, focusing on sports betting. This move follows a no-action letter from the CFTC, allowing the company to operate in the US. Reports suggest Polymarket could be valued at $10 billion upon reopening to US markets.

Trump Media and Technology Group, co-founded by former US President Trump, will introduce prediction markets on its social media platform, Truth Social. Partnering with Crypto.com, the company aims to join platforms like Kalshi and Polymarket in offering prediction markets to users. Kalshi’s legal battle with the CFTC may have influenced Polymarket’s return to the US.

Read more at Cointelegraph: Polymarket Will Likely Start Initial US Relaunch in November: Report