The negotiation commission for future American goods has released the acquisition of QCX from the Polymarket prediction market from certain disclosure and data requirements as the company progresses in its American commercial offers.
QCX, which obtained its license to start operations in July before being torn later this month by Polymarket, obtained a “letter without action” from the CFTC, allowing it to operate specifically defined without attracting the attention of the application. The company was acquired by Polymarket in the hope of its official return to American affairs, which it was forced to abandon in 2022 under the direction of the regulator.
Polymarket has since emerged from the interest of previous federal investigators, because the American government has softened its tense relationship with this sector, and companies – including the Kalshi rival – have received more dismissal. The area, therefore, has started to explode in visibility and use.
The decision of Wednesday of two relevant divisions within the CFTC – at the CFTC level and not a decision of the Commission – “is similar to the previous non -action positions taken with regard to the declaration of certain transactions of binary options and similar transactions,” noted the agency. The letter does not explicitly deal with prediction markets, but it notes its position on “regulations for the holding of events for events”.
Although it has not yet been confirmed by the US Senate, President Donald Trump’s candidate to lead the CFTC, former commissioner Brian Quintenz, has close links with Kalshi as a member of the board of directors and told legislators that binary event contracts offered in such companies are “coverage tools”. Even without its arrival, the agency adopted a more friendly position, the acting president, Caroline Pham, claiming that the CFTC was getting bogged down in a “abyss of legal uncertainty” when it had continued legal affairs against the industry.
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