Polymarket announced it had acquired QCEX, a Commodity Futures Trading Commission-licensed derivatives exchange and clearinghouse, for $112 million, describing the deal as a route back into the US. The company had not given a launch date; the report said it was targeting the start of the football season in September.
Polymarket’s QCEX acquisition offers a route back into the US, though no launch date has been given.
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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.
DraftKings acquired Railbird Technologies and its subsidiary Railbird Exchange, the company said, to support its planned DraftKings Predictions app. The app is expected to launch in the coming months, initially offering event contracts in areas such as finance, entertainment and global affairs, with sports excluded at launch. The purchase price was not disclosed.