Polymarket US agrees Michigan sports contract withdrawal

Polymarket US has agreed to stop offering new sports-related event contracts to Michigan customers and close remaining positions by the end of November 25, 2026, Eastern time. The Michigan Gaming Control Board announced the agreement on October 28.

The arrangement applies to QCX LLC, which operates as Polymarket US. Customers can close positions voluntarily before the deadline; the company must close any remaining covered contracts afterward.

The U.S. District Court for the Western District of Michigan approved the stipulation. Michigan agreed to refrain from enforcement action against Polymarket US while the company complies with its terms.

The agreement follows earlier court decisions in the ongoing dispute

“Polymarket joining Kalshi, Robinhood, and Coinbase in stepping back from these unlicensed sports contracts shows that Michigan’s approach is working,” said MGCB Executive Director Henry Williams.

Polymarket US sued Michigan officials in March. The court denied its requests for a temporary restraining order and a preliminary injunction, with an appeal pending before the Sixth Circuit. The latest agreement concerns sports contracts offered to Michigan residents.

Michigan’s action follows similar agreements with Coinbase Financial Markets and Robinhood Derivatives. Elsewhere, Ohio has targeted licensed businesses supporting sports prediction markets, extending scrutiny to suppliers and other service providers.