Currently, in the cryptocurrency space, Polymarket is preparing to resume trading services in the United States in the coming weeks. Circle debuts Arc blockchain testnet with support from over 100 institutions including BlackRock, Goldman Sachs, Visa, and Mastercard, as US lawmakers want to ban President Trump, his family, and elected officials from trading in cryptocurrencies and stocks.
Polymarket eyes US relaunch in November: Report
Forecasting platform Polymarket is reportedly considering launching trading services in the US in the coming weeks.
Bloomberg reported on Tuesday that Polymarket plans to initially focus on sports betting and launch limited transactions available to U.S. residents by the end of November, citing people familiar with the matter.
The resumption report comes nearly two months after the U.S. Commodity Futures Trading Commission (CFTC) announced it had issued a no-action letter to the crypto derivatives exchange and clearing house acquired by Polymarket. CEO Shayne Coplan said the move prepares the company to “begin operating in the United States.”
Reports in September suggested that Polymarket’s valuation could reach $10 billion if it reopened to the U.S. market. As of June, the prediction platform was valued at about $1 billion after a $200 million funding round.
As of Tuesday, Polymarket’s website showed a waiting list and said it would be “available soon to U.S. traders.” Cointelegraph reached out to the company for comment, but did not receive a response at the time of publication.
Circle debuts Arc testnet with participation from BlackRock, Goldman Sachs, and Visa
Circle, the world’s second-largest stablecoin issuer, has launched a public testnet for Arc, an open layer-1 blockchain network built to bring global financial infrastructure on-chain.
More than 100 leading companies across banking, capital markets and fintech are participating in the rollout, which Circle calls an “economic operating system for the Internet,” including BlackRock, Goldman Sachs, Visa, Mastercard and State Street, according to Tuesday’s announcement.
“With Arc’s public testnet, we are seeing significant early momentum as leading companies, protocols, and projects begin building and testing,” said Circle CEO Jeremy Allaire. “Together, these companies reach billions of users and move, exchange, and store hundreds of trillions in assets and payments,” he added.
Arc is designed to integrate directly with Circle’s USDC (USDC) stablecoin and payments stack to provide predictable USD-based fees, sub-second finality, and optional privacy controls. It aims to support a wide range of financial applications, from lending and capital markets to global payments and foreign exchange (FX).
The testnet launch attracts participation from major institutions such as Apollo, BNY Mellon, Intercontinental Exchange, and Deutsche Bank, as well as global payments companies Mastercard, FIS, Paysafe, and Nuvei.
US lawmakers aim to block President Trump and his family from trading in cryptocurrencies and stocks
US lawmakers are calling for a ban on US President Donald Trump, his family, and members of Congress from trading in cryptocurrencies and stocks.
U.S. Representative Ro Khanna, a Democratic representative, appeared on MSNBC to express concerns about Trump’s son’s apparent conflict of interest with cryptocurrencies through his cryptocurrency project, World Liberty Financial (WLFI), and claimed that the recent pardon of Binance co-founder Changpeng “CZ” Chao was “blatant corruption.”
Khanna didn’t go into specific details of his legislative proposal, but he didn’t mince words, closing by calling for a ban on “elected officials holding virtual currencies and receiving foreign funds.”