Polymarket US review

Where is Polymarket US available?

Individual participants must be natural persons "at least 18 years of age, having attained the age of majority in your state" (Individual Participant and Clearing Member Agreement §II.1). The agreement also excludes residents of any jurisdiction where trading "is prohibited under Applicable Law or by PMUS policy", including OFAC-sanctioned and FATF-listed jurisdictions. None of the operator documents we read (docs, participant agreement, rulebook, website terms) publishes a list of eligible or excluded US states. The iOS and Google Play listings claim "CFTC regulated in the United States — in all 50 states", yet a Nevada court has enjoined QCX LLC d/b/a Polymarket US in that state.

What fees does Polymarket US charge?

Taker fees follow a formula rather than a flat percentage: "Fee = Θ × C × p × (1 - p)", with a taker theta of 0.0695. The fee peaks at $1.74 per 100 contracts at a $0.50 price, which is about 3.5% of the $50 trade value, and falls toward zero near $0.01 or $0.99. Makers currently receive a rebate with a theta of -0.0125 (up to $0.31 per 100 contracts). Takers who traded $250k to $999,999 the previous month get 10% back, $1M to $9.99M gets 25%, and $10M+ gets 50%. Combos (parlays) carry a higher taker curve that adds a 0.04 × (1-p)^4 term. The schedule has been "Effective exchange-wide from 12 AM ET, Friday September 25, 2026" (docs.polymarket.us/fees, read 28 Sep 2026). Two changes are pending. The Table Tennis taker coefficient rises to 0.10 from 30 Sep 2026. Under a CFTC 40.6(a) filing dated 22 Sep 2026, the coefficient-based maker rebate will be replaced from 6 Oct 2026 by tiered rebates for makers above $10M of monthly volume, and the filing states "The maker fee is zero." Withdrawals are described as free ("Withdraw your cash balance securely and for free"). No deposit fee is stated anywhere in the docs.

These are document checks, not a funded-account test. Access may depend on residence, physical location, account approval and the contract category. Check the operator’s current terms before depositing.

Learn how play-money and real-money markets differ, use the fee and payout tools, or read our review methodology.

See our Platform documentation audit for the method and downloadable source register.

• CFTC Industry Filings: DCM — QCX LLC d/b/a Polymarket US — checked 2026-09-28

  The register lists the entity as a DCM with designation date July 9, 2025, and remarks: "QCX LLC is now operating under the assumed name of Polymarket US."

• CFTC — Polymarket US Amended Order of Designation — checked 2026-09-28

  The order recites the July 9, 2025 designation and vacates the provision that barred FCM intermediation. Only pages 1–2 extracted, so the signature date was not seen in the text.

• Polymarket press release — CFTC approval of Amended Order of Designation (PR Newswire) — checked 2026-09-28

  Dated Nov 25, 2025, it says the order permits access that enables "users to trade through FCMs".

• Polymarket press release — acquisition of QCEX (PR Newswire) — checked 2026-09-28

  Dated July 21, 2025, it announces the $112M acquisition of "a Commodity Futures Trading Commission-licensed derivatives exchange (QCX, LLC) and clearinghouse (QC Clearing LLC)".

• CFTC Industry Filings: DCO — QC Clearing LLC d/b/a Polymarket Clearing — checked 2026-09-28

  Shows "Status: Registered" and describes the DCO as "permitted to clear fully collateralized positions in futures contracts, options on futures contracts, and swaps."

• CFTC press release 9023-24 — QC Clearing DCO registration — checked 2026-09-28

  On December 17, 2024 the CFTC "issued QC Clearing LLC an Order of Registration as a derivatives clearing organization".

• Polymarket US Documentation — Fee Schedule — checked 2026-09-28

  The taker fee formula is "Fee = Θ × C × p × (1 - p)" with taker Θ 0.0695 and maker rebate Θ -0.0125. The schedule has been effective since 25 Sep 2026.

• QCX LLC 40.6(a) Fee Schedule Submission (22 Sep 2026) — checked 2026-09-28

  From 6 Oct 2026 the maker rebate becomes tiered at 5/10/15% of taker fees for makers above $10M in monthly volume, and the filing states "The maker fee is zero."

• Polymarket US Documentation — What is Polymarket US? — checked 2026-09-28

  Describes the product as "a fiat-based, US-regulated platform operating as a designated contract market (DCM) and derivatives clearing organization (DCO)" and says "All trading is conducted in US dollars".

• Polymarket US Documentation — Create an Account — checked 2026-09-28

  States "You must complete KYC before you can deposit funds or trade." Manual review can take up to 3–5 business days.

• Individual Participant and Clearing Member Agreement — checked 2026-09-28

  Participants must be "at least 18 years of age, having attained the age of majority in your state". It excludes OFAC-sanctioned and FATF-listed jurisdictions but has no US state list.

• Polymarket US Rulebook (September 14, 2026) — checked 2026-09-28

  The rulebook is dated September 14, 2026, repeats the 18+/age-of-majority requirement, and provides for FCM participants. It contains no US state exclusion list.

• Polymarket US Website Terms of Use — checked 2026-09-28

  Covers US-only operation and JAMS arbitration. It lists no eligible or excluded states.

• Polymarket US Documentation — Fund Your Account — checked 2026-09-28

  Debit card and ACH are each capped at "$50,000" per day with 3–4 business days to clear. Wire has a "$1,000 minimum, no max" and takes 1 business day.

• Polymarket US Documentation — Bank Transfer (ACH) — checked 2026-09-28

  Users "Securely link your bank account via Aeropay". Limits are $25,000 per transaction, $50,000 per day and $2,000,000 per rolling 60 days.

• Polymarket US Documentation — Wire Transfer — checked 2026-09-28

  Wires go to QC Clearing LLC at Merchants Bank of Indiana, with a "Minimum Amount $1,000 USD" and processing "typically within 1 business day".

• Polymarket US Documentation — Withdraw Funds overview — checked 2026-09-28

  The page is titled "Withdraw your cash balance securely and for free". Debit and ACH take 3–4 business days and wire 1 business day, with funds returned to the original source.

• Polymarket US Documentation — Withdrawal Rules — checked 2026-09-28

  Deposits must fully clear before withdrawal, and "First-In-First-Out (FIFO) applies to every withdrawal".

• Polymarket US Documentation — Browse Markets — checked 2026-09-28

  Says the platform "offers markets on sports (NFL, NBA, NHL, MLB, MLS, college sports, tennis, golf, and more), politics, crypto, economics, weather, tech, and culture."

• Polymarket US homepage — checked 2026-09-28

  Navigation covers Sports, Politics, Crypto, Weather, Tech, Culture and Economics, and the site has a "Build a Combo" feature.

• Polymarket US Documentation — Does Polymarket have an API? — checked 2026-09-28

  "Polymarket US provides a Retail API ... plus Python and TypeScript SDKs." The Quickstart requires a KYC-verified account to create API keys, and FIX and gRPC are offered for institutions.

• Apple App Store — Polymarket: Trade Live Sports — checked 2026-09-28

  The iOS app is published by Polymarket (Blockratize Inc), rated 18+, and claims "CFTC regulated in the United States — in all 50 states".

• Google Play — Polymarket (com.polymarket.android) — checked 2026-09-28

  The developer is BLOCKRATIZE INC. The listing says the "Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing".

• Polymarket US Documentation — User Incentive Programs — checked 2026-09-28

  Campaign A offers "Deposit at least $10 | Receive $50", and Refer-A-Friend gives $25 each. Credits "may not be withdrawn as cash."

• QCX LLC 40.6(a) — Amended Deposit Incentive Program (18 Sep 2026) — checked 2026-09-28

  Effective October 2, 2026, the programme changes to "expirable promotional trading credits" that "may not be withdrawn".

• Polymarket US Documentation — Why can't I withdraw my promotional credit? — checked 2026-09-28

  "Promo credits are trading credits, not cash." Only settled proceeds can become withdrawable, after the user links a payment method and makes a deposit.

• Polymarket US Documentation — Market Resolution — checked 2026-09-28

  "Markets resolve using the specific sources listed in the rules." All resolutions are final under the Exchange Rulebook.

• Polymarket US Documentation — How do I contact support? — checked 2026-09-28

  Support is offered through in-app chat and by email at support@polymarket.us. No phone line or hours are stated.

• Polymarket US Documentation — Is my money safe? — checked 2026-09-28

  "Your funds are kept in a dedicated customer account that is separate from Polymarket US's operating funds."

• NGCB press release — civil enforcement action (16 Jan 2026) — checked 2026-09-28

  The Board filed in the Carson City District Court against Blockratize, QCX LLC d/b/a Polymarket US and Adventure One QSS "to stop Polymarket from offering unlicensed wagering".

• NGCB press release — enforcement litigation update (1 June 2026) — checked 2026-09-28

  On May 29 Judge Woodbury granted "the Board's motion for a preliminary injunction against QCX LLC, dba Polymarket US."

• Missouri AG — cease and desist to prediction markets — checked 2026-09-28

  Orders Polymarket and five others to "cease and desist from offering sports event contracts to Missourians unless and until they are licensed". The page shows no date.