Sports Betting Sites / Play / Polymarket Purchases QCEX, a CFTC-Licensed Outlet, For $112 Million

Polymarket Purchases QCEX, a CFTC-Licensed Outlet, For $112 Million

TwitterLinkedIn

Editor

Publish Date: Jul 22, 2025

Fact checked by: Sara Jane Gamelli

Polymarket, one of the more well-known prediction market outlets, has announced that it has closed a deal with QCEX for $112 million.

The transaction consists of QCX, LLC, a derivatives exchange, and QC Clearing LLC, a clearinghouse.

The company is licensed by the Commodity Futures Trading Commission. The license was awarded on July 9 after a multi-year licensing process.

Polymarket describes the transaction as " a significant step toward expanding access to Polymarket's category-defining platform in the United States, enabling more users than ever to trade prediction market contracts with regulatory clarity and confidence."

Polymarket CEO/Founder, QCEX Founder Speak Out

"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. "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."

As Coplan mentioned, this deal enables them to re-enter the US-regulated predictions market, similar to how Kalshi operates today.

"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," said Sergei Dobrovolskii, Founder of QCE. "Shayne has built a cultural phenomenon in Polymarket. I am excited to bring our companies together and leverage our licenses, technology, and expertise in the retail trading sector to help Polymarket reach its full potential."

According to the press release, users on Polymarket in the first half of 2025 have made about $6 billion in predictions.

Polymarket also recently announced a partnership with X.

Polymarket Previously Pulled Out of the United States

In 2022, Polymarket settled with the Commodity Futures Trading Commission for operating an unregistered market and agreed to block users in the United States.

There was also an investigation by the Department of Justice and CFTC, which resulted in the FBI raiding the home of Coplan, the Polymarket CEO, and seizing his phone.

The investigation has since been dropped

Now, with this deal to acquire QCEX, Polymarket could return to the United States market and be a top predictions market competitor.

Looking for the latest Sweeps News? Visit our Ballislife Play section.

Play

LIV Golf, Novig Announce Partnership

One day prior to the 90th edition of The Masters teeing off, one golf tour had an announcement of their own. LIV Golf announced Wednesday a new partnership with prediction market Novig, using player integration starting with golf's first major tournament of the season. It is the first time a ...

by Lou Monaco

Apr 09, 2026