Polymarket acquires QCEX for US$112 million in US market re-entry bid
Prediction market company Polymarket has acquired financial exchange and clearing house QCEX for US$112 million.
The deal gives Polymarket ownership of a CFTC-licensed operation, and represents a significant step toward re-establishing its platform in the US under a regulated framework.
In a news release, Shayne Coplan, founder and CEO of Polymarkets, said the move will enable the company to re-enter the US market.
“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. “Now, with the acquisition of QCEX, we are laying the foundation to bring Polymarket home — re-entering the US as a fully regulated and compliant platform that will allow Americans to trade their opinions,” Coplan said.
QCEX, which has held Designated Contract Market and Derivatives Clearing Organization licenses since 2021, was founded with a long-term vision for the future of prediction markets.
Polymarket has not operated directly in the US market since 2022 after a settlement with the CFTC. However, the company has continued to operate outside the US and has attracted growing interest over the past three years.
The company says that in the first half of 2025 its platform saw around US$6 billion in user predictions. Polymarket also recently entered into a partnership with social media site X, as it aims to raise its profile and relevance across multiple markets.
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