Polymarket received its first license to begin operations in the US

Polymarket's subsidiary has received its first license to operate as a broker in the US, though it still needs approval from another regulator before it can begin operations.

Polymarket allows users to bet on the outcomes of various events, including elections, sports competitions and government decisions. The platform attracted particular attention during the US midterm elections.

The company continues to expand in the US, though regulators are still examining how well user interests are protected and how the platform is advertised.

Source: Reuters