Polymarket is making a play for a CFTC-approved derivatives exchange, which can effectively see the prominent company return to the United States after it was forced out due to legal issues with authorities.
Polymarket is ready to move back on the US in strength
Now, though, Polymarket may feel that the time for its return is ripe, with Kalshi, a rival, successfully fending off legal challenges to its offer. To secure a foothold in the US market once again, the company said on Monday, July 21, that it has made a $112m acquisition of QCX, LCC.
The announcement also follows a decision by the current administration to discontinue investigations into the platform’s legitimacy. In a post on social media X, Shayne Coplan, the company’s CEO, who was also subject to investigation, confirmed the news.
"Polymarket is coming home," the CEO said in his statement. Coplan said that demand for the products offered by Polymarket is "greater than ever." He added that mainstream audiences are now actively turning to Polymarket to use its prediction markets and offers.
Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million.
— Shayne Coplan 🦅 (@shayne_coplan) July 21, 2025
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
"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," he explained further.
This return could mean a significant boost to the company’s operational results. The platform has said that it is already the biggest prediction market in the world, handling roughly $6bn worth of total trades in H1 2025.
A re-entry of the US market could significantly boost the company’s footprint and clout in the vertical.
Prediction markets are going mainstream, confirms exchange’s boss
The news was naturally welcomed by the company that was the target of the acquisition, QCEX. Founder Sergei Dobrovolskii said: "When we began the process to obtain our DCM & DCO licences over four 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."
He hailed the "cultural phenomenon" that Polymarket represented and added that he was excited to leverage the combined product, including licenses and technology that the two exchanges could now field.
