Name: Polymarket's Rise as Top U.S. Sports App Amid Legal Debate
Uploaded: 2025-12-03T17:43:44-05:00
Duration: 3 min 24 s
Description: Despite challenges and limited features, Polymarket in the U.S. is a top app. For more legal analysis across the gaming industry, check out Legal Sports Report.

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Despite challenges and limited features, Polymarket in the U.S. is a top app. For more legal analysis across the gaming industry, check out Legal Sports Report.

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Polymarket's Rise as Top U.S. Sports App Amid Legal Debate

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For those folks who uh like to download apps, it's very easy to find the information that Sam and I are gonna deliver now to you, really more Sam than me over in the app store. If you go and you search apps, uh, I mean it's sort of incredible that a sports betting app would be the number one app in the country, Sam, but here we are, and it's not a, I probably mis misstated that it's not a sports betting app, right? It's, it's a prediction app as they say, but. I mean, Sam, it's just the the stories keep writing themselves here and certainly there are people in California and I'm gonna guess Texas and wherever sports betting is not legal, they're finding their ways around it and their way around it is which app? Yeah, it's, it's polymarket Craig, which is, as you said, it's not technically a sports betting app, but currently the only thing you can do on it in the US is actually trade on sports and you have a number of states and a number of tribal groups and a whole host of people who say that actually is sports betting, but uh ahead of its full return to the US it's actually already number one in uh sports apps on the app. Store. It had been banned a couple of years ago under the Biden administration. Uh, it reached a settlement with the administration, but then this year, uh, as sports prediction markets have really boomed, the Department of Justice lifted the ban, allowing polymarket to reenter the US. Now it's not fully back in the US yet yet, which is kind of what makes this even more, uh, impressive that it's already number one in the sport. section in the app store, it's only being offered to a limited number of users, people who sign up for the, you know, so-called beta testing on the app. The app has had a number of updates in the past couple of weeks, which kind of makes us think that it's gonna launch, uh, pretty much any day now, um, before the end of the year I would expect, and it comes at a time when it's long rival Calci, which also does prediction markets and also has really been. Uh, making waves in sports, they've already done $11 billion in sports trade since September, which is obviously when football season started, and now 95% of their volume is tied up in sports. Uh, polymarket when it was in the US was not a sports app. It was only, you know, trading on elections, trading on the weather, other pop culture events, but now it, it comes back to a market which is dominated by sports. One of the reasons you're seeing it on the sports category in the app store, even though again, not technically a sports book, and it also comes at a time when, um, you know, founder Shane Copeland just did an interview with 60 Minutes kind of positioning the app for its launch to the US. It just got a big investment from the parent company of the New York Stock Exchange, so it's really ramping things up and gonna return at any time. Meanwhile, DraftKings and FanDuel are getting ready to launch their own prediction market, so Pollymarket will be coming back at a time when, you know, the uh the competitive landscape is dominated by Calci, and soon it's gonna have FanDuel and DraftKings in there as well, which I'm really eager to see what their products look like and how the timing kind of impacts uh the use of polymarket. Will it be number one in the app store for the next couple months? Who knows? Will it fall once Fanel and DraftKing start offering their sports products to California and Texas? All of this will be really interesting to watch, especially with, you know, the huge amounts of investments pouring in. This is now company valued at around $15 billion and it's not even technically back in the US yet. So gotta imagine there'll be a lot of more interesting stuff to come when it is fully back.

Polymarket's Rise as Top U.S. Sports App Amid Legal Debate

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