Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M
Polymarket acquired the holding company behind QCX LLC and QC Clearing LLC for $112 million, securing a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse.
According to the July 21 announcement, the movement will enable the blockchain prediction venue to serve American customers in compliance with federal regulations.
Regulatory reset precedes deal
The purchase arrives days after federal investigators closed criminal and civil inquiries into Polymarket’s earlier US activity. The Justice Department and the CFTC sent letters this month, ending probes that began after a January 2022 settlement required the platform to block US users.
Agents escalated the matter in November, raiding founder Shayne Coplan’s New York apartment as the site processed roughly $2.6 billion in election-season wagers. Coplan later said Polymarket “cooperated and engaged” with authorities and “has been cleared of any wrongdoing.”
QCEX founder Sergei Dobrovolskii spent four years securing designated contract market and derivatives clearing organization licenses.
Coplan called the acquisition “the foundation to bring Polymarket home,” saying domestic access will let traders price current events “with regulatory clarity and confidence.”
Dobrovolskii said combining QCEX’s licenses with Polymarket’s order flow can “change the way people access and understand information.”
Market share and product scope
Polymarket processed approximately $6 billion in volume during the first half of 2025 and announced an information partnership with X last month.
The firm operates automated markets on Polygon, where traders stake stablecoins on binary outcomes, ranging from elections to sports. QCEX’s licenses permit listed contracts on economic indicators, financial benchmarks, and event derivatives, provided they meet the CFTC’s public-interest tests.
Polymarket stated that it will collaborate with regulators to align existing markets with compliant rule sets before opening onboarding for US accounts.
The company did not provide a launch date, but stated that the integration of QCEX technology and clearing functions is underway.
Once live, American users will post margin and settle payouts through QC Clearing, bringing prediction contracts under the same safeguard regime that governs commodity futures.
Polymarket said the move aligns its global user experience with US oversight and positions the venue for further institutional participation.
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