Polymarket announced the acquisition of QCEX for $112 million — an American licensed derivatives and clearing platform that is under the supervision of the CFTC. The deal opens up a pathway for Polymarket to return to the U.S. market two years after exiting the country and halting investigations by the DOJ and CFTC.
Previously, in January 2022, Polymarket left the U.S. after settling CFTC claims over allegations of unregistered binary options trading, paying a fine of $1.4 million. Now, on the basis of QCEX, the platform will be able to offer American users a fully regulated prediction market and compete with players such as Crypto.com and Kalshi.
