The online polymarket said it obtained the QCEX, US licensed derivatives and clearinghouses for $ 112 million, which paved the way for the company’s return to the United States after a hiatus of more than two years.
According to its website, QCEX is based on Boca Raton, Florida, with the same creatures, the Derivatives Exchange and the Clearinghouse, under the supervision of the Commodity and Futures Trading Commission (CFTC).
Polymarket is a decentralized prediction platform that allows users to trade in the outcomes of real-world events, such as election results and sports events. According to At the token terminal, the amount of trade on the prediction platform exceeded $ 15 billion last year.
“… In getting QCEX, we put the foundation to bring home polymarket-recently entry into the US as a fully regulated and following platform that will allow Americans to exchange their opinions,” said the founder and CEO of Polymarket Shayne Coplan in a Press Release.
On Tuesday, Bloomberg reported that the US Department of Justice (DOJ) and CFTC have lowered their investigations to the polymarket. The agencies have been reported to see whether the polymarket has accepted trading from US -based users.
Polymarket came out in the US in January 2022 following the Commodity Futures Trading Commission (CFTC) charge for claiming that the platform offers binary-based options that are not registered with the agency. As part of the regulating, polymarket Paid $ 1.4 million fine and Sumang -agree to hinder US users from accessing its markets.
Related:Polymarket gives us
Polymarket competitors and pushing the prediction market
The company will return to the US market with some well -known competitors. CryptoCurrency Exchange Crypto.com has won its platform in the US in May, while Butili was cooperating with retail investment platform Robinhood to offer a set of contracts to the prediction market.
In late June, Bashi and Polymarket announced new fundraises: $ 185 million in a $ 2 billion appreciation for kamhi and $ 200 million in a $ 1 billion appreciation for polymarket.
Proper markets, which will use the “wisdom of the crowds,” can be a tool to allow people to see a glimpse of the futureAccording to some commentators. However, they received a pushback at times from gambling institutions and sports leagues.
Magazine: Train AI agents to make better predictions … for token rewards
