Is Polymarket legit and safe for US users?
The world's biggest prediction market, now regulated in the US. Its history, the risks and what to avoid.
Short answer: Yes. Polymarket is the largest prediction market in the world, and US users now trade through a CFTC-regulated iPhone app. Before that, Polymarket settled with the CFTC in 2022 and blocked US users from its international site. Today the safe way for Americans to use it is the official Polymarket US app, never a VPN to the international site.
A short history
- 2020: Polymarket launches as a crypto-based prediction market.
- 2022: it settles with the CFTC and blocks US users from its main site.
- 2025–2026: it returns to the US through a CFTC-regulated exchange, with an iPhone app for US traders.
Is it safe?
- The US app is regulated by the CFTC, with identity checks and US-dollar payments.
- The international site uses USDC and isn't for US residents; several countries block it. See world regulation.
Risks to know
- Trading losses, as on any market.
- Using a VPN to reach the international site from the US breaks its terms and can get funds frozen.
- Fake apps and sites. Download only from the App Store link on Polymarket's official site, or via our sign-up guide.
Polymarket offer, checked 27 September 2026
Deposit $10, get a $50 trading bonus
Promo code: WIN
iPhone app only. 18+ only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization. Terms apply.
Frequently asked questions
Is Polymarket legal in the US now?
Yes, through the Polymarket US iPhone app, in most states.
Why was Polymarket banned in the US?
In 2022 the CFTC said Polymarket offered event contracts to US users without registering. Polymarket paid a settlement and blocked US users until it returned through a regulated exchange.
