Polymarket finds the path again to us after the external step star-news.press/wp

The Crypto -based prediction market has secured a deal to return to the United States market shortly after the conclusion of the federal organizers in the company.

The New York -based platform, known to enable users to bet on many political and social results such as the previous US presidential elections, acquired QCX, the exchanging derivatives and clearing skill, which will facilitate their legal re -introduction to the American market.

Re -enter the polymer polymers

This acquisition comes in the wake of the growing popularity of Polymarkket during the 2024 US presidential elections, as users put great bets on the results, especially with regard to President Donald Trump’s return to his position.

Earlier this month, both the Ministry of Justice (Doj) and the CFTC futures trading committee (CFTC) Advocated Polymarket they closed their investigations into the company.

These investigations have focused on whether Polymarket has allowed traders who take our headquarters to reach its platform, despite a settlement with CFTC in 2022, which asked the company to prevent this access because of its unregistered situation.

This development reflects a noticeable shift in American organizational situations towards digital asset companies, especially since the current administration appears more open to Initiatives related to encryption Compared to the restrictions of the previous Biden era.

Change the organizational scene

Polymark has gained great public attention during the 2024 presidential race between Donald Trump and Kamala Harris, with widespread promotional advertisements and materials at the Republican National Congress and throughout New York City.

Polymark’s acquisition is compatible with QCX for $ 112 million with this trend, as the stock exchange received the approval of the license of the Justice Trading Committee in July, after its request in 2022.

However, with Polymarket’s willingness to re -establish its presence in the American market, it faces an increasing competition from other platforms such as Crypto.com and Kalshi, both of whom are registered with CFTC and started their own presentation Recking contracts.

Previously, the Biden Administration has sought to reduce the growth of political and sports betting on the exchange of derivatives, but the Trump administration indicated a more convenient look at these products.

Bloomberg asserts that the approval of the QCX license by CFTC raises questions about whether the organizer is aware of the imminent Polymark Suspicion at the time. It is worth noting that once the license is granted, CFTC does not have the authority to interfere in subsequent commercial deals.

The strategic maneuver of Polymarkket comes in a decisive time, as Brian Quintns, former CFTC Republican Commissioner and President of Politics at Andressen Horowitz’s Digital Assets DepartmentHe was nominated to lead the agency.

Quintns nomination is to be voted by the Senate Agriculture Committee, with the White House call for a quick confirmation before the August holiday.

Distinctive image from Dall-E, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.