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Polymarket Acquires CFTC-Licensed QCEX for $112 Million to Relaunch U.S. Prediction Market
Polymarket Acquires CFTC-Licensed QCEX for $112 Million to Relaunch U.S. Prediction Market
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BTCCSquare news:
Polymarket, the largest global crypto-based prediction market, has completed a $112 million acquisition of QCEX, a CFTC-licensed derivatives exchange and clearinghouse. This strategic MOVE allows Polymarket to reenter the U.S. market as a fully regulated platform, capitalizing on growing demand for event-based trading contracts.
The acquisition comes as regulatory scrutiny clears—the DOJ and CFTC have dropped investigations into Polymarket. CEO Shayne Coplan notes surging user interest as prediction markets gain mainstream traction. Rivals like Kalshi and Crypto.com are also expanding regulated offerings in this competitive space.
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