In brief
- Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday.
- The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said.
- In June, X tapped Polymarket as its official prediction platform.
Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered prediction platform said in a press release on Monday.
Purchasing the little-known firm, which is regulated under the Commodity Futures Trading Commission, should allow Polymarket to re-enter the U.S. as a fully regulated and compliant platform, founder and CEO Shayne Coplan said in a statement.
“We are laying the foundation to bring Polymarket home,” he said.
In the…
Jul 22 2025
