Crypto market prediction platform Polymarket plans to return to the US in the coming weeks, per a Tuesday Bloomberg report. Sources tell the news platform that initial trading is likely by the end of November, but won’t be broadly available to everyone in the US right away. The news comes less than two months after the CFTC approved Polymarket to operate its market prediction platform in the US.

The prediction platform was previously kicked offshore and paid a $1.4 million penalty in 2022 to settle allegations of illegal trading with the Commodity Futures Trading Commission. In the past year, it has grown in popularity abroad and is now set to make its official return to the US. Polymarket currently has a waitlist for users to sign up, which it said will soon be available. “We’re working hard to get the US platform ready for launch — in the meantime, provide your phone number below to receive updates,” the company said on its website.

Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Established in 2020, the platform previously faced hurdles in operating its prediction platform in the US. However, its return to the US allows the company to return and continue its monstrous growth this decade. Polymarket’s return also coincides with an unprecedented wave of funding and trading growth. Together, Polymarket and Kalshi handled over $6.3 billion in volume so far in October, a near-record.

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Earlier this month, NYSE parent Intercontinental Exchange took a $2 billion stake in Polymarket, valuing the platform at approximately $8 billion. Furthermore, the platform’s upcoming POLY token and airdrop could further fuel competition among prediction-market platforms vying for retail and institutional users.