Blockchain-Based Polymarket Eyes U.S. Comeback by November: BBG

Core Insights - Polymarket is set to relaunch in the U.S. as early as November, focusing initially on sports-related markets [1][2] - The company previously ceased U.S. operations in 2022 after a settlement with the CFTC, which included a $1.4 million fine for operating an unregistered derivatives platform [2][4] - Following the settlement, Polymarket has been operating offshore while expanding its user base in various prediction markets [3] Company Developments - Polymarket acquired QCX, a firm with exchange and clearinghouse licenses from the CFTC, enabling it to operate legally in the U.S. [4] - The platform differentiates itself from competitors by utilizing blockchain infrastructure and primarily stablecoins for trading [5] - Details regarding the planned native token, which aims to connect platform growth to the crypto ecosystem, have not yet been disclosed [5]