#Polymarket Spends $112M on QCX Exchange for U.S. Market Re-Entry


Polymarket has acquired derivatives exchange QCX for $112 million to return to the U.S. market as a regulated platform.


The purchase includes CFTC-regulated clearinghouse QC Clearing, giving Polymarket the regulatory framework needed for U.S. operations.


CEO Shayne Coplan stated the company is "laying the foundation to bring Polymarket home" after being blocked from serving U.S. customers since 2022.


The move comes after the DOJ and CFTC ended investigations into the #prediction platform last week.


Polymarket registered $1.1 billion in trading volume in June and became mainstream during the 2024 election cycle.


The platform correctly predicted Biden's withdrawal and Trump's victory despite facing skepticism from traditional pollsters.


X tapped Polymarket as its official #prediction platform in June, with additional integrations planned between the companies.

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July 22, 2025 at 12:39 AM
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