The US Commodity Futures Trading Commission (CFTC) has granted no-action relief to Polymarket entities QCX LLC and QC Clearing LLC, allowing them to offer event contracts without full compliance with swap data reporting and recordkeeping regulations. This move provides temporary enforcement relief to the companies while they work towards regulatory compliance. Polymarket acquired CFTC-licensed exchange and clearinghouse QCEX for $112 million, strengthening its presence in US markets. The event contracts in question are still required to be fully collateralized according to QCX.
Read more at Cointelegraph.com
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