Polymarket, the world’s biggest prediction market platform, has made a major move to expand into the United States. It just bought the parent company of QCX, LLC and QC Clearing LLC, which together are known as QCEX.
QCEX is licensed by the Commodity Futures Trading Commission (CFTC) to operate a derivatives exchange and a clearinghouse. The deal was worth $112 million.
This acquisition means Polymarket is getting ready to legally operate in the U.S. for the first time. With QCEX’s licenses, American users will soon be able to legally trade prediction market contracts — like betting on political outcomes or global events — on Polymarket with full regulatory approval.
Polymarket’s CEO, Shayne Coplan, said that more people than ever are using Polymarket to understand what’s really going on in the world. “We’re bringing Polymarket home,” he said, highlighting that this step will let Americans trade their opinions safely and legally.
QCEX founder Sergei Dobrovolskii explained that they began developing to obtain these licenses more than four years ago, when prediction markets first emerged. Today, by partnering with Polymarket, they can integrate their licenses and experience to present the platform to even greater audiences.
In 2025 alone, Polymarket has witnessed $6 billion worth of predictions placed on the platform. It has also partnered with X, demonstrating how mainstream it’s getting in politics, finance, and culture.
With this acquisition, Polymarket is on its way to becoming fully compliant in the U.S., making Americans enjoy a trusted and legal source of trading on predictions related to real-world outcomes.
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