Alternating radical copolymerization of cyclic conjugated diene monomers, i.e., cyclopentadiene and furan, with oxygen were carried out to generate degradable polyperoxides. The cyclopentadiene and furan based-polyperoxides consisted of different regiospecific structures. The regiospecificity of the alternating copolymerization was rationalized by the bond dissociation energies of the carbon-to-oxygen bond of the peroxy radicals based on density functional theory calculations. The thermal degradation behavior of the resulting cyclic conjugated diene-based polyperoxides was also investigated.