Polymarket Acquires CFTC-Regulated QCX in $112M Bid to Reenter U.S. Market

Polymarket has secured a strategic path back into the U.S. prediction markets with its $112 million acquisition of CFTC-regulated QCX. The deal grants the crypto platform both a critical regulatory license and an approved clearinghouse—QC Clearing—effectively removing the compliance barriers that forced its 2022 exit.

The MOVE follows the closure of DOJ and CFTC investigations, eliminating legal uncertainties. Since becoming an official partner of X in June 2024, Polymarket has demonstrated robust growth, logging a record $2.6 billion in trading volume last November.

"We're laying the foundation to bring Polymarket home," said founder Shayne Coplan, signaling ambitions to redefine blockchain-based prediction markets under U.S. oversight. The acquisition underscores crypto's accelerating convergence with traditional regulatory frameworks.