Polymarket Returns to US Market with $112 Million Exchange Acquisition

Polymarket has re-entered the US market through a $112 million acquisition of QCEX, a CFTC-regulated exchange. The deal marks a strategic comeback after a 2022 regulatory penalty forced the crypto prediction platform to exit the American market.

The acquisition provides Polymarket with immediate operational licenses, as QCEX received its CFTC contract market designation just 12 days before the purchase announcement. "We're laying the foundation to bring Polymarket home," stated CEO Shayne Coplan, signaling renewed compliance efforts.

The platform, which processes billions in crypto-based event predictions, now gains legal pathways for US users to wager on elections, sports, and economic outcomes through blockchain markets. This MOVE signals growing institutional sophistication in crypto derivatives markets.