PolyMarket, an online betting platform, has acquired the US License Derivatives Exchange and Cleaning House, QCEX, for $ 112 million, and has opened its way to the United States for more than two years.
According to the website, QCEX is located in Bocaraton, Florida, based on two organizations, derivatives exchanges and cleaning houses, under the supervision of the Commodity and Future Trading Commission (CFTC).
POLYMARKET is a decentralized predictive market platform that allows users to deal with the results of actual events such as election results and sports events. According to Token Terminal, the trading volume of the predictive platform has exceeded $ 15 billion over the past year.
The founder and CEO of PolyMarket Shayne Coplan said, “We are preparing a foundation that brings the polymarket home to acquire QCEX, and re -entered the United States as a completely regulated and observed platform for Americans to trade their opinions.
On Tuesday, Bloomberg said that the US Department of Justice (DOJ) and CFTC had dropped the investigation into a polymarket. The agency reported that PolyMarket is investigating whether it has accepted a transaction from a US -based user.
POLYMARKET terminated the United States after claiming that the platform did not register to the agency and provided an event -based binery option in January 2022 after being accused of CFTC (Commodity Future Trading Commission). As part of the agreement, PolyMarket agreed to pay $ 1.4 million and prevent US users from approaching the market.
related :PolyMarket provides us with a chance to become a law with a chance to be Stablecoin Bill 89%.
Polymarket competitors and predictive market push bags
The company will enter the two well -known competitors and the US market. Cryptocurrency Exchange Crypto.com debuted in the United States in May, and Kalshi partnered with the retail investment platform ROBIOOD to provide a variety of predictive market contracts.
At the end of June, Kalshi and PolyMarket announced $ 180 million for $ 2 billion for Kalshi and $ 200 million for $ 1 billion in PolyMarket.
According to some commentators, the predictive market that utilizes “wisdom of crowd” can be a tool for people to see the future. But they sometimes received push bags in gambling and sports leagues.
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