According to PANews, cryptocurrency prediction platform Polymarket is poised to legally re-enter the U.S. market after reaching an acquisition agreement with QCX. Previously, Polymarket was required to operate outside the U.S. due to unregistered status, as mandated by federal regulators. However, recent developments indicate that the U.S. Department of Justice and the Commodity Futures Trading Commission have concluded their investigations into the platform.
The acquisition will enable Polymarket to obtain regulatory approval and officially open its services to U.S. users. Polymarket plans to acquire derivatives exchange QCX for $112 million. QCX received approval from the Commodity Futures Trading Commission to operate on July 9, paving the way for Polymarket's return to the U.S. market.