People familiar with the matter: Polymarket spends $112 million to acquire small exchange QCX, returning to the U.S. market

According to Foresight News, Bloomberg quoted multiple sources and said that Polymarket, a crypto betting platform that was forced to offshore due to federal regulators, reached an agreement to plan to return to the U.S. market. The forecast market will acquire a small derivatives exchange called QCX to legally re-enter the U.S. market.

Polymarket will pay about $112 million to acquire QCX, the exchange applied for a CFTC license in 2022 and approved on July 9, according to sources.
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