Polymarket Returning to U.S. with $112M Acquisition After Prosecutors Drop Probe

Description

Polymarket, the crypto-powered betting platform known for its political prediction markets, is preparing a return to the U.S. after a federal investigation into its operations was dropped last week, the company said in a press release on Monday. The New York-based company is acquiring QCX, a regulated derivatives exchange, for $112 million. The Commodity Futures Trading Commission (CFTC) granted QCX approval to operate on July 9, two years after first applying for a license. The deal gives Polym...