Polymarket Secures CFTC-Licensed QCEX for $112M to Re-enter US Market

Polymarket has acquired QCEX's holding company for $112 million, gaining access to a CFTC-regulated exchange and clearinghouse. This strategic MOVE allows the blockchain-based prediction platform to legally serve US customers, marking a regulatory reset after past scrutiny.

The deal follows the resolution of federal investigations into Polymarket's earlier US operations. Founder Shayne Coplan emphasized the acquisition provides "regulatory clarity and confidence" for pricing real-world events, while QCEX's Sergei Dobrovolskii highlighted the potential of combining licensed infrastructure with Polymarket's order flow.

This development signals Polymarket's ambition to reclaim market share in the US prediction markets space, though specific product expansions remain undisclosed. The platform previously processed $2.6 billion in election wagers before its 2022 settlement requiring it to block US users.