Polymarket Acquires QCEX for $112M to Re-Enter US Market

Decentralized prediction platform Polymarket has secured its US re-entry strategy with a $112 million acquisition of derivatives exchange QCEX. The deal includes Florida-based QCX and its clearinghouse QC Clearing, providing Polymarket with a regulated gateway to American markets.

The acquisition follows the resolution of a federal investigation that had stalled Polymarket's expansion plans. Founder Shayne Coplan called the transaction "a significant step" toward establishing compliant operations stateside. Federal scrutiny had intensified after the 2024 election cycle, culminating in an FBI raid on Coplan's residence last November.

Despite operating under a US ban since 2022, Polymarket has processed $6 billion in wagers during the first half of 2025. The platform gained particular traction during the recent presidential election, demonstrating the robust demand for prediction markets outside traditional financial channels.