Overview

• Polymarket completed its $112 million acquisition of QCEX, a CFTC-registered exchange and clearinghouse.
• QCEX’s existing registration with the Commodity Futures Trading Commission provides the legal framework Polymarket lost when it exited the U.S. market in 2022.
• Federal authorities closed DOJ and CFTC investigations into Polymarket last week, leaving the company with a clean regulatory slate.
• The platform intends to relaunch in the United States as a fully compliant, CFTC-regulated prediction market.
• Polymarket is positioning itself to challenge rivals such as Kalshi and leverage its partnerships with X and xAI to regain market share.