Polymarket acquires US-licensed derivatives exchange QCEX for $112 million, planning to re-enter the US market under CFTC oversight. Polymarket, a decentralized prediction platform, boasts over $15 billion in trading volume. DOJ and CFTC end investigations into Polymarket, which previously exited the US after a settlement with CFTC. Competitors like Crypto.com and Kalshi are entering the prediction market space in the US, with Kalshi and Polymarket recently raising significant funds. Prediction markets offer insights into the future but face resistance from gambling establishments and sports leagues.

Read more at Cointelegraph: Polymarket Set to Reenter US After $112M Acquisition of QCEX