Polymarket, the world’s largest prediction market platform, regained legal access to the US market in November 2025 through an amended CFTC order allowing intermediated trading via registered Futures Commission Merchants (FCMs) and brokerage partners.
US residents can no longer trade directly on Polymarket’s platform but must access markets through approved intermediaries that comply with CFTC regulations.
Key Takeaways
- Polymarket received CFTC approval for intermediated US access in November 2025, ending a three-year ban on direct US trading
- PrizePicks and Onyx Odds are the first confirmed brokerage partners offering Polymarket event contracts to US users
- All US trading must occur through registered FCMs or approved intermediaries, not directly on Polymarket’s platform.
- Full public rollout has been delayed beyond initial 2025 targets, with limited availability as of early 2026
What Is Intermediated Trading on Polymarket?
Intermediated trading refers to a regulatory model where US customers access Polymarket’s event contracts through licensed third-party brokers rather than trading directly on the platform.
This structure allows Polymarket to maintain CFTC compliance while serving US users who were banned from the platform in 2022 following a $1.4 million settlement.
Under this model, FCMs and registered brokerages act as middlemen between traders and Polymarket’s liquidity pools. The intermediaries handle customer onboarding, compliance, and order routing while Polymarket operates the underlying market infrastructure.
Confirmed Polymarket FCM Partners
PrizePicks
PrizePicks, a daily fantasy sports operator, announced an exclusive partnership with Polymarket in November 2025 to offer sports-focused event contracts. The platform specializes in player performance predictions and plans to expand into broader prediction market offerings through Polymarket’s infrastructure.
PrizePicks targets sports bettors and fantasy sports players as its primary audience. The partnership gives US customers access to sports-related prediction markets within a regulated framework.
Onyx Odds
Onyx Odds partnered with Polymarket in November 2025 as an exclusive provider of sports event contracts. The collaboration focuses on bringing real-time sports betting markets to US users through Polymarket’s event contract technology.
Onyx Odds emphasizes a streamlined user experience for sports traders. Like PrizePicks, it operates under CFTC oversight as an intermediary between US customers and Polymarket markets.
How US Access Works?
US traders must create accounts with approved intermediaries like PrizePicks or Onyx Odds rather than signing up directly on Polymarket.
These brokerages handle identity verification, fund deposits, and regulatory compliance required for US customers.
Once registered with an FCM partner, users can trade event contracts that mirror Polymarket’s global markets.
Profits and losses are settled through the brokerage account, with the intermediary managing all financial transactions.
Current Limitations and Availability
Polymarket’s US relaunch faced delays, missing its initial target of a full public release in 2025. As of early 2026, access remains limited to partnerships with specific platforms rather than widespread availability across major brokerages.
The intermediated model currently focuses on sports and entertainment markets through PrizePicks and Onyx Odds.
Broader access to political, economic, and general interest markets through additional FCM partners has not yet been announced.
Differences Between Direct and Intermediated Trading
| Feature | Direct Trading (Non-US) | Intermediated Trading (US) |
|---|---|---|
| Platform Access | Direct Polymarket account | Through FCM/brokerage |
| Available Markets | All Polymarket markets | Limited to partner offerings |
| KYC/Compliance | Polymarket handles | FCM partner handles |
| Fees | Polymarket’s standard fees | FCM may add additional fees |
| Fund Custody | Polymarket wallet​ | FCM brokerage account |
Key Considerations for US Traders
Regulatory compliance is mandatory for all US-based Polymarket trading. FCM partners must verify customer identities and maintain records under CFTC rules.
Market selection is more limited through intermediaries compared to international access. Current partners focus primarily on sports markets rather than the full range of political and economic events available globally.
Account setup requires registration with the specific FCM partner, not Polymarket itself. Users should review each intermediary’s fee structure, market offerings, and terms of service before opening accounts.
Future FCM Partnerships
Polymarket has not publicly disclosed additional FCM partnerships beyond PrizePicks and Onyx Odds as of February 2026. The platform’s amended CFTC order allows for expansion through more intermediaries, but specific announcements have not been made.
Traditional commodities brokerages and established FCMs may enter the prediction market space as the regulatory framework matures.
Interactive Brokers has shown interest in prediction markets through its connection to new platforms, though no formal Polymarket partnership has been confirmed.
Can US residents trade directly on Polymarket?
What markets are available to US traders?
Currently, US access focuses on sports and entertainment event contracts through PrizePicks and Onyx Odds. The full range of political and economic markets available internationally is not yet accessible through US intermediaries
Do I need a separate Polymarket account to trade through FCMs?
Are there additional fees for trading through intermediaries?
FCM partners may charge fees beyond Polymarket’s standard structure. Users should review each broker’s fee schedule, as pricing varies by platform and is not directly controlled by Polymarket.
