The parent company of the NYSE considers a $2 billion investment in Polymarket to boost its US expansion and new market launches.
Key Takeaways
- Polymarket is live-testing its US exchange with select users ahead of a public relaunch.
- The platform adopts an open exchange model, allowing users to set prices and back outcomes instead of trading against a house.
Polymarket has initiated a beta test of its US exchange as it prepares for a domestic comeback after years of offshore operations, Bloomberg reported Wednesday.
Polymarket first hinted at plans to reintegrate into the US market in July when it announced the acquisition of QCEX, a derivatives exchange and clearinghouse that holds the necessary licenses from the US Commodity Futures Tradin