The U.S. Commodity Futures Trading Commission has freed up prediction market firm Polymarket's QCX acquisition from certain disclosure and data requirements as the company moves forward in its U.S. business offerings.
QCX, which got its license to start operations in July before it was snatched up later that month by Polymarket, has been granted a "no-action letter" from the CFTC, allowing it to operate in specifically defined ways without drawing enforcement attention. The firm was acquired by Polymarket in hopes of its official return to U.S. business, which it was forced to abandon in 2022 under direction from the regulator.
Polymarket has since emerged from earlier federal investigative interest as the U.S. government has eased its tense relationship with this sector, and companies —