Polymarket acquires CFTC-licensed exchange QCEX for $112M

Polymarket/Polymarket exchange

Polymarket closed a $112 million acquisition of QCEX (holding company of a CFTC-licensed derivatives exchange and clearinghouse). The purchase enables Polymarket to re-enter the US market as a fully regulated platform after its 2022 CFTC settlement. Users had placed ~$6 billion in predictions in the first half of 2025.

• QCEX holds licenses for a CFTC-regulated derivatives exchange and clearinghouse, held for over four years.
• ~$6B in user predictions in H1 2025 demonstrates strong platform growth ahead of US re-entry.
• Acquisition positions Polymarket to offer prediction trading to American users within a regulatory framework.