Polymarket Acquires CFTC-Licensed Exchange QCEX for $112 Million to Enable US Re-entry

Polymarket has acquired the holding company of a Commodity Futures Trading Commission-licensed derivatives exchange and clearinghouse for $112 million, marking a significant step towards re-entering the US market with full regulatory compliance.
 

The world's largest prediction market completed the purchase of QCX, LLC and QC Clearing LLC, collectively known as QCEX, as it seeks to expand access to its platform for American users who have been largely excluded from the service.

Shayne Coplan, Founder and CEO of Polymarket

"Polymarket is the largest prediction market globally and has become synonymous with understanding the probability of current events," said Shayne Coplan, Founder and CEO of Polymarket. "Demand is greater than ever — not just in user growth and trading volume, but in how mainstream audiences are turning to Polymarket to separate signal from noise, bias, and speculation."

The acquisition comes as Polymarket continues to build momentum, with users making approximately $6 billion in predictions during the first half of 2025 alone. The platform allows traders to predict outcomes of future events and profit when correct, with market prices serving as indicators of event likelihood.
 

Sergei Dobrovolskii, Founder of QCEX, said the companies began pursuing their DCM and DCO licences over four years ago when prediction markets were still nascent. "When we began the process to obtain our DCM & DCO licenses over 4 years ago, the prediction market was in its infancy. But we have long believed in its potential to change the way people access and understand information and express their views on that information," he said.
 

The platform recently announced an official partnership with X, further cementing its position at the intersection of politics, markets, and culture. Institutions, individuals, and media organisations rely on Polymarket's forecasts to report news and better understand future developments.
 

Polymarket is a prediction market where traders forecast outcomes across politics, current events, and pop culture. The acquisition of QCEX's regulatory infrastructure is designed to enable US users to access the platform within a compliant framework in the near future.