Polymarket will be the official clearinghouse for the new venture DraftKings is expanding beyond traditional sports betting by entering the fast-growing prediction market industry through a new partnership with Polymarket. The collaboration follows DraftKings’ recent acquisition of Railbird, a Commodity Futures Trading Commission–regulated platform that allows users to bet on real-world events. Polymarket will serve as
Polymarket left the US following regulatory scrutiny two years ago Polymarket, a decentralized prediction market platform, is set to return to the US after a more than two-year hiatus. The company recently acquired QCEX, a US-licensed derivatives exchange and clearinghouse, for $112 million. QCEX, based in Boca Raton, Florida, operates under the oversight of the
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