US Edition
Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin: Source
UNITED STATES, JUL 21 – Polymarket acquired QCEX for $112 million, gaining CFTC license to legally offer regulated event-based trading after a three-year US market ban and regulatory probes ended.
- On Monday, Polymarket acquired QCEX for $112 million, based in Boca Raton, Florida, and licensed by the CFTC.
- Having paid a CFTC fine, Polymarket left the U.S. in 2022 when investigations into unregistered binary options led to restrictions, explaining its regulatory exit.
- With U.S. inquiries closed, Polymarket's acquisition of QCEX provides direct access to a CFTC-regulated trading venue and enables binary options and event-based contracts in the U.S.
- Market reaction shows increased liquidity and trading volume in U.S. markets, allowing American users to participate without legal ambiguity.
- This move suggests Polymarket's positioning as a leading player in the fully regulated prediction market industry in the U.S.
52 Articles
52 Articles
If the live betting ads during the broadcast of sports events irritate you, prepare for the ointment, because you have not seen anything. The US government has just unlocked the "prediction market" in which the Trump family is soaking up and which could generate even more value thanks to the injection of cryptocurrency.
Polymarket CEO Shayne Coplan on QCX acquisition: We need to be able to serve the markets
Shayne Coplan, Polymarket founder and CEO, joins 'Squawk Box' to discuss the company's acquisition of derivatives exchange QCX, growth of prediction markets, road to profitability, impact of AI, competition against Kalshi, and more.
Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin: Source
Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans.Polymarket’s motivation to create its own stablecoin is simply to own the yield-generating reserves that back the large amount of Circle…
Polymarket Could Return to U.S. Market After $112M Acquisition
Crypto prediction platform Polymarket is preparing to re-enter the U.S. market after being blocked for several years due to regulatory issues. Bloomberg reported that Polymarket’s return will be enabled by its $112 million acquisition of QCX, a U.S.-licensed derivatives exchange and clearinghouse that holds the necessary Commodity Futures Trading Commission (CFTC) license to operate in the U.S. This story is an excerpt from the Unchained Daily n…
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Bias Distribution
- 42% of the sources are Center
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