Polymarket to Reenter U.S. Market After Acquisition of Tiny Exchange
Polymarket, a crypto-betting platform, plans to re-enter the US market by acquiring QCX, a derivatives exchange, after US regulators closed their investigations into the company. This move follows a period of regulatory scrutiny and aims to capitalize on the platform's popularity during the 2024 US presidential election, amidst a more welcoming stance towards crypto derivatives under the Biden administration. The deal is part of Polymarket's strategy to operate legally in the US again, with regulatory approval of QCX's licensing playing a key role.
