Polymarket resumes beta service in the U.S.…Gradual opening after acquiring CFTC-approved exchange
Suehyeon Lee
Summary
- Polymarket said it has resumed beta service in the United States.
- It said the reopening was made possible by the acquisition of CFTC-approved exchange QCX.
- It said services are being gradually opened to U.S. users.
The decentralized prediction market platform Polymarket recently resumed service in beta in the United States.
According to Bloomberg on the 13th (local time), Polymarket has been relaunched in beta in the U.S., allowing some users to place real bets.
Polymarket was fined US$1.4 million by the U.S. Commodity Futures Trading Commission (CFTC) and moved its headquarters overseas, but has been pursuing a return to the U.S. after the CFTC's regulatory investigation concluded.
This service resumption became possible after acquiring QCX, an exchange approved by the CFTC. Polymarket secured a legal prediction-market operational infrastructure through QCX, allowing it to gradually open services to U.S. users.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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