Sources: Polymarket to Spend $112.00M to Acquire Compliant Exchange QCX

Cryptocurrency prediction platform Polymarket will legally return to the U.S. market after reaching an acquisition agreement with QCX. Previously, Polymarket was required by U.S. federal regulators to operate offshore due to a lack of registration, but recently the U.S. Department of Justice and the Commodity Futures Trading Commission have terminated their investigation into it. The acquisition will enable Polymarket to obtain regulatory licenses and officially open to U.S. users. It is reported that Polymarket will acquire derivatives exchange QCX for $112.00 million, which was approved by the CFTC to operate on July 9. (Bloomberg) [Odaily Planet Daily News]