Polymarket has acquired a CFTC-regulated exchange and clearinghouse, QCEX, a Designated Contract Market. In a series of posts on X, Shayne Coplan, founder and CEO of Polymarket, explained that the acquisition will enable them to serve brokerages and traders in the US. Polymarket was compelled to exit the US during the Biden Administration, which was hostile towards betting markets and Fintech innovation in general. At one point during the Biden Administration, Polymarket’s offices were raided by the FBI.
Polymarket paid $112 million to acquire QCEX.
On the Polymarket website, there is a post indicating the marketplace will soon be available for US traders, asking interested individuals to share their mobile numbers.
“We’re working hard to get the US platform ready for launch.”
Coplan, in a release, said that as the largest prediction market in the world, they have become synonymous with understanding the probability of events.
“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.”
Sergei Dobrovolskii, founder of QCEX, stated:
“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.”
By the first half of 2025, users have generated approximately $6 billion in predictions on the Polymarket platform.
Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million.
This paves the way for us to welcome American traders again.
I’ve waited a long time to say this:
Polymarket is coming home 🇺🇸🦅 pic.twitter.com/Qjd5ZbUwKi
— Shayne Coplan 🦅 (@shayne_coplan) July 21, 2025