Polymarket, the leading global crypto prediction market, has finalized the purchase of QCX LLC, a Commodity Futures Trading Commission (CFTC)-approved derivatives exchange and clearinghouse, for $112 million. This strategic acquisition, completed shortly after QCX received its CFTC license on July 9, 2025, paves the way for Polymarket to legally resume operations within the United States.
After settling with the CFTC in 2022 and agreeing to block U.S. users, Polymarket had been barred from directly serving the American market. The firm also faced subsequent regulatory scrutiny, including investigations by the Department of Justice and CFTC, which were recently dropped, clearing hurdles for its re-entry.
With QCX’s licenses, Polymarket now has a fully regulated infrastructure enabling U.S. users to trade prediction contracts with confidence and transparency. Shayne Coplan, Polymarket’s CEO, emphasized that this acquisition lays the foundation for bringing the platform “home,” expanding access to millions of Americans interested in speculation on events ranging from politics to sports.
Polymarket gained prominence in 2024 as a popular venue for high-stakes predictions, such as wagers on the U.S. presidential election, accounting for roughly $6 billion in contract volume during the year’s first half. The acquisition marks a significant step in mainstreaming crypto-based prediction markets under comprehensive regulatory oversight in the U.S..
This move positions Polymarket competitively alongside other regulated event trading platforms and signals a new chapter for crypto prediction markets operating within the U.S. legal framework.
