Prediction market company Polymarket has acquired financial exchange and clearing house QCEX for US$112 million.
The deal gives Polymarket ownership of a CFTC-licensed operation, and represents a significant step toward re-establishing its platform in the US under a regulated framework.
In a news release, Shayne Coplan, founder and CEO of Polymarkets, said the move will enable the company to re-enter the US market.
“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,” Coplan said.
