Polymarket, a leader in crypto predictions, has completed the acquisition of QCX LLC, opening up opportunities for operations in the U.S.
Strategic Acquisition by Polymarket
Polymarket has completed the acquisition of QCX LLC, a Commodity Futures Trading Commission (CFTC)-approved derivatives exchange and clearinghouse, for $112 million. This acquisition took place shortly after QCX received its CFTC license on July 9, 2025.
Resuming Operations in the U.S.
After settling with the CFTC in 2022 and blocking U.S. users, Polymarket had been barred from directly serving the American market. The firm also faced regulatory scrutiny, including investigations by the Department of Justice and CFTC, which were recently dropped, clearing hurdles for re-entry.
The Future of Prediction Markets
With QCX's licenses, Polymarket now has a fully regulated infrastructure enabling U.S. users to trade prediction contracts with confidence and transparency. Polymarket's CEO, Shayne Coplan, 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.
The acquisition of QCX marks a significant step in mainstreaming crypto-based prediction markets under comprehensive regulatory oversight in the U.S., positioning Polymarket competitively alongside other regulated event trading platforms.
