Key Takeaways
- Polymarket, a blockchain-based prediction market, is planning a US return centered on sports activities betting.
- The agency cleared previous probes and secured CFTC-licensed infrastructure by its QCX acquisition.
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Polymarket, the blockchain-based prediction market platform, is getting ready to reenter the US with a concentrate on sports activities betting, Bloomberg reported. Preliminary buying and selling might begin by late November, with restricted entry through the rollout.
The relaunch marks a serious comeback for the agency, which paid a $1.4 million CFTC fantastic in 2022 and moved offshore. Polymarket has since acquired QCX, an organization holding CFTC trade and clearinghouse licenses, after the DOJ and CFTC dropped investigations earlier this 12 months. The agency can be concentrating on a valuation between $12 billion and $15 billion.
