PolyMarket aims to start with legalized sports betting

PolyMarket, the forecasts market, has received certificates through its partner companies to facilitate legalized sports betting at the start.

As the company received the green light to offer its betting services in North America, there was a quick impetus to provide them for autumn sports.

PolyMarket earns approval for the operation of sports betting on startup

As we reported, PolyMarket was acquired as part of a deal for $ 112 million, a derivative exchange licensed for futures, QCX LLC and its clearing house, QC Clearing LLC, known as QCEX.

This key business enabled Polymarket to establish a support and continue working in North America. This was supported by approval by a razor by the Futures Trade Commission (CFTC).

At that time, Shane Coplan, the founder and CEO of Polymarket, said: « Polymarket is the largest market for forecasts worldwide and has become a synonym for understanding the likelihood of current events. »

He then published on social media on PolyMarket’s approval to work in North America and the return of the home, which has divided the state and federal regulators for more than a year.

PolyMarket acquired QCEX, regulated by CFTC exchanges and a clearing house, for $ 112 million.

This makes the way to meet US traders again.

I waited for a long time to say that:

PolyMarket comes home pic.twitter.com/qjd5zbuwki

– Shayne Coplan (@shayne_coplan) July 21, 2025

Polymarket updates the deadlines to offer sports betting

Now, as part of the official notifications posted on the QCEX website, the Provider has a possible date for lunch to offer betting lines.

The regulatory statements on the CFTC Clered Company website say there has been a date of October 7, 2025, after which PolyMarket can start offering events, but this has already changed on October 2, 2025.

Another interesting point is the regulatory submission, which states that Polymarket Data will use for its sports lines officially comes from Sportsdata.

Digging a little deeper, the data provider publishes an article in August that supported the growth of markets to forecasts with a statement « Niche today does not mean a niche forever. »

Saying, « Kalshi, Polymarket and Sportrade build more compatible, user-friendly versions of what has ever started as an outsider projects. But let’s not forget: it’s not a brand new trend. It’s mature, which is finally due. »

Recommended image: Polymarket.

Post Polymarket aims to start with legalized sports betting that first appeared on Readwrite.

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