QCEX acquired by Polymarket for $112m
The acquisition was said to mark a ‘significant step’ in Polymarket’s efforts in expanding access to regulated prediction market contract trading.
Key Points
- QCEX is licensed by the CFTC and will help prediction market users access Polymarket’s platform through fully regulated and US-compliant framework
- Throughout the first half of 2025, Polymarket reported users have already made approximately $6bn in predictions on the platform
Prediction market operator Polymarket has acquired the holding company of a derivatives exchange and clearing house (QCEX) for $112m, paving the way for consumers to access the platform within a fully regulated and US-compliant framework.
“Polymarket is the largest prediction market globally and has become synonymous with understanding the probability of current events,” Polymarket Founder and CEO Shayne Coplan said.
“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.”
The acquisition was said to mark a “significant step” in Polymarket’s efforts in expanding access to regulated prediction market contract trading, as QCEX is officially licensed by the Commodity Futures Trading Commission (CFTC).
“When we began the process to obtain our DCM & DCO licenses over 4 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,” QCEX Founder Sergei Dobrovolskii said.
“Shayne has built a cultural phenomenon in Polymarket. I am excited to bring our companies together and leverage our licenses, technology and expertise in the retail trading sector to help Polymarket reach its full potential.”
Good to know: DraftKings reportedly began talks to acquire prediction markets platform Railbird Exchange on July 15, which recently gained federal licensure
Throughout the first half of 2025, Polymarket reported users have already made approximately $6bn in predictions on the platform.
The operator recently formed a partnership with social media site X, formerly Twitter, to further solidify its position “at the intersection” of politics, market and culture.
The CFTC and Department of Justice recently dropped its investigation into Polymarket on July 16, having been banned from operating within the US since 2022.
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