Polymarket, a blockchain prediction venue, recently made a significant acquisition by purchasing the holding company behind QCX LLC and QC Clearing LLC for $112 million. This acquisition has allowed Polymarket to secure a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse, enabling the platform to serve American customers in compliance with federal regulations.
The decision to acquire these entities came shortly after federal investigators closed criminal and civil inquiries into Polymarket’s previous US activity. Following a January 2022 settlement that required Polymarket to block US users, the Justice Department and the CFTC initiated probes into the platform’s operations. However, these investigations were recently concluded, with founder Shayne Coplan stating that Polymarket has been cleared of any wrongdoing.
Sergei Dobrovolskii, the founder of QCEX, spent four years obtaining designated contract market and derivatives clearing organization licenses. By combining these licenses with Polymarket’s order flow, Coplan believes that the acquisition will allow traders to price current events with regulatory clarity and confidence, ultimately changing the way people access and understand information.
In terms of market share and product scope, Polymarket processed approximately $6 billion in volume during the first half of 2025 and recently announced an information partnership with X. The platform operates automated markets on Polygon, where traders stake stablecoins on binary outcomes such as elections and sports. With QCEX’s licenses permitting listed contracts on economic indicators, financial benchmarks, and event derivatives, Polymarket plans to collaborate with regulators to align existing markets with compliant rule sets before opening onboarding for US accounts.
Although Polymarket has not provided a launch date for the integration of QCEX technology and clearing functions, American users will soon be able to post margin and settle payouts through QC Clearing, bringing prediction contracts under the same safeguard regime that governs commodity futures. This move aligns Polymarket’s global user experience with US oversight and positions the venue for further institutional participation.