Polymarket Returns to U.S. with $112M Acquisition, CFTC Nod
Polymarket, the world's leading crypto-based prediction market, is set to make a comeback in the United States within days. The company has acquired QCX, a CFTC-licensed derivatives exchange, for $112 million, enabling it to self-certify event contracts for U.S. users.
The acquisition comes after a four-year ban by the Commodity Futures Trading Commission (CFTC). The regulatory body has now granted Polymarket a no-action letter, allowing it to resume operations under supervision. The exchange is set to list its products no earlier than October 2, 2025.
Polymarket has already self-certified four event contracts on QCX's official website. These include three contracts for sports event outcomes and one for election winners. This move signals the company's commitment to providing a diverse range of prediction markets for its users.
The relaunch of Polymarket in the U.S. is a significant development in the crypto-based prediction market space. With the acquisition of QCX and the CFTC's approval, Polymarket is poised to offer a robust platform for users to engage in event-based predictions using cryptocurrency.
