Insider: Polymarket to Acquire Compliant Exchange QCX for $112 Million
Odaily Planet Daily – Cryptocurrency prediction platform Polymarket will legally re-enter the US market after reaching an acquisition agreement with QCX. Previously, Polymarket was required to cease operations in the US by federal regulators due to lack of registration, but the US Department of Justice and the Commodity Futures Trading Commission have recently ended their investigations into the company. This acquisition will enable Polymarket to obtain regulatory approval and officially open to US users. Reportedly, Polymarket will acquire derivatives exchange QCX for $112 million; QCX received CFTC approval to operate on July 9. (Bloomberg)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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