The Polymarket decentralized prediction market has acquired derivative exchanges based in Florida QCX and its Conciliate Clearinghouse QC – known by the name of QCEX, for $ 112 million.
The main dishes to remember:
- Polymarket acquired QCEX for $ 112 million to obtain a regulated foot on the American market.
- The agreement follows the closure of a federal investigation which had hampered the American expansion of Polymarket.
- Polymarket is about to return legally to the country.
The announcement comes only a few days after American regulators have ended their investigation into Polymarket, eliminating a major obstacle for the American ambitions of the company.
The purchase “marks an important step towards expansion” of the polymarket in the United States, said the founder and CEO of Shayne Coplan.
Polymarket prospering worldwide despite the American ban since 2022
Polymarket has remained officially closed to American users since 2022, but has experienced explosive growth abroad.
During the first half of 2025 only, users bet about $ 6 billion over everything, political races at cultural moments and sporting events.
The platform was gaining importance during the American presidential electoral cycle 2024.
The company’s path to compliance in the United States was complicated by the meticulous examination of the Commodity Future Trading Commission and the Ministry of Justice, which launched a joint investigation after the re-election of Donald Trump.
The FBI made a descent into Coplan’s home in November, but earlier this month, Coplan confirmed that the investigation had been closed.
With the acquisition of QCEX, which only received its license to operate as a contract of contracts designated earlier this month
Polymarket acquired QCEX, an exchange and an exchange center regulated by CFTC, for $ 112 million.
This opens the way for us to welcome American merchants again.
I waited a long time to say this:
Polymarket comes home
pic.twitter.com/qjd5zbuwki
– Shayne Coplan
(@shayne_coplan) “The acquisition of QCX made the bases to bring Polymarket back to the house-returning the United States as a fully regulated and compliant platform which will allow Americans to exchange their opinions,” said Coplan on Monday.
“Shayne has built a cultural phenomenon in polymarket,” added the founder of Qcex, Sergei Dobrovolskii.
“I am delighted to bring our companies closer and take advantage of our licenses, our technology and our expertise in the retail sector to help Polymarket to reach its full potential.”
The agreement occurs in the midst of an increasing regulatory opening to the prediction markets.
Kalshi, a rival platform, won a court decision last year to bet on political results.
Polymarket approaches unicorn status with an increase of $ 200 million
As indicated, Polymarket is about to obtain a 200 million dollars financing tour led by Peter Thiel’s Founders Fund, evaluating the prediction platform based on crypto $ 1 billion.
Despite being prohibited in the United States, the Polymarket user base and market activity increased, with more than 21,000 open markets and $ 700 million in active negotiation volume.
The platform recently associated with Elon Musk’s X to integrate the prediction markets with Grok, the Chatbot AI of X, strengthening its visibility in the middle of the regulatory obstacles in progress.
Polymarket has experienced explosive growth since the American elections of 2024, reaching a commercial peak of $ 2.5 billion in November, but it remains limited in several countries and faces criticism on potential market manipulation.
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