Polymarket returns to the US with $112 million acquisition

Polymarket, the global predictions provider, took another step in widening its international and US foothold with a $112 million deal.

The betting platform has signed an agreement to acquire a smaller company, QCEX, which operates as a Commodity Futures Trading Commission-licensed derivatives exchange (QCX, LLC) and clearinghouse (QC Clearing LLC) (collectively “QCEX”).

Polymarket returns to the United States betting market officially

As ReadWrite reported, there had been considerable pressure on prediction markets, including regulatory scrutiny that resulted in Polymarket and its rival, Kalshi, being investigated by the US Department of Justice.

In a press release, Shayne Coplan, founder and CEO of Polymarket, said, “Polymarket is the largest prediction market globally and has become synonymous with understanding the probability of current events.”

He also took to social media to announce the deal and make reference to the recent legal disputes that have since been dropped.

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