Polymarket announced on 21 July that it had agreed to acquire QCX, a US derivatives exchange, for $112m, reportedly as a route to re-enter the US market. QCX received CFTC designation as a Designated Contract Market on 9 July, according to publicly available filings.
QCX’s CFTC designation could support Polymarket’s planned return to the US market.
The day’s most important stories, free. One email a day.
The NBA announced partnerships with Kalshi and Polymarket on 26 October, alongside an agreement with the CFTC to develop a framework for NBA-related prediction markets. It also expanded its DraftKings deal to cover sports event contracts nationwide, while the league and regulator said they would share information to support integrity and oversight.
The NBA announced partnerships with Kalshi, Polymarket and DraftKings Predictions. It also signed a memorandum of understanding with the CFTC on integrity matters.
Polymarket will feature LeBron James in advertising campaigns and social media posts promoting football. James is due to receive US$15 million a year; BNLData reported his Philadelphia 76ers salary as US$4 million annually. The deal’s duration has not been disclosed, and James will not be an investor in Polymarket.
Polymarket has agreed a promotion deal with basketball player LeBron James under which he will advertise football for the platform, according to deal terms reported by Estadão and relayed by BNLData. James is due to receive $15m a year from Polymarket, the report said. The length of the contract was not disclosed, and James will not hold an investor stake in the company.
Polymarket announced deposit limits, temporary or permanent self-exclusion and access to gambling-addiction support through a partnership with Birches Health. The company said the service would connect users with treatment when it identifies what it calls compulsive financial trading behaviour.
Yahoo Finance and Polymarket have ended their data partnership, reportedly, after Yahoo removed a dedicated prediction-market section in April. Yahoo said Polymarket remains an advertising partner and indicated that the companies could work together on other projects; Polymarket has not publicly explained the decision.