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Fortune
Fortune
Business
Carlos Garcia

Battle for sports betting market heats up as Polymarket announces return to the U.S.

Man smiles in front of camera (Credit: Kent Nishimura—Bloomberg/Getty Images)

The world’s largest prediction market platform is returning to the U.S. On Wednesday, Polymarket posted on X that users can get on the waitlist for its app, saying the company will start by offering sports betting, with “markets on everything” to follow. 

Polymarket’s impending return to the U.S. comes at a time when prediction market services, including Kalshi and Robinhood, are challenging the likes of DraftKings and FanDuel for a share of the lucrative sports betting market, while also offering bets on a wide variety of other fields.

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