Polymarket resumes U.S. market after 4 years… secures DCM license for $112 million
Suehyeon Lee
Summary
- Polymarket said it will resume services in the U.S. market after about 4 years.
- Polymarket said it reorganized as 'Polymarket US' by acquiring QCX LLC for $112 million.
- It said that by securing a DCM license, it gained the authority to directly open prediction markets such as sports and elections within the United States.
The decentralized prediction market platform Polymarket will resume services for U.S. users about 4 years after a de facto ban by the U.S. Commodity Futures Trading Commission (CFTC).
On the 2nd (local time), according to Decrypt, Polymarket acquired QCX LLC for $112 million, reorganized as 'Polymarket US', and obtained a Designated Contract Market (DCM) license.
This gives it the authority to directly self-certify and open markets within the United States, including those for sports and elections.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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