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Insider: Polymarket to acquire compliant exchange QCX for $112 million
Odaily News Cryptocurrency prediction platform Polymarket will legally return to the U.S. market after reaching an acquisition agreement with QCX. Previously, Polymarket was required by U.S. federal regulators to operate offshore due to unregistration, but the U.S. Department of Justice and the Commodity Futures Trading Commission have recently terminated their investigations. The acquisition will enable Polymarket to obtain regulatory approval and officially open to U.S. users. It is reported that Polymarket will acquire derivatives exchange QCX for US$112 million, which was approved by the CFTC to operate on July 9. (Bloomberg)
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