Predatory merchant acquiresCommodity Futures Trading Commission-approved exchange for a whopping $112 million, aiming for a comeback in the American market.
Polymarket, a leading global prediction market platform, has announced a significant milestone with the acquisition of QCX, LLC and QC Clearing LLC for $112 million. The acquisition marks a pivotal moment for Polymarket as it aims to expand its services and return to the US stock market with full regulatory compliance.
The acquired companies, both CFTC-licensed, bring essential regulatory infrastructure to Polymarket, enabling it to offer prediction markets to American users through a fully licensed platform. This move comes as Polymarket continues to gain mainstream relevance as a platform for stock market prediction.
Shayne Coplan, founder and CEO of Polymarket, expressed his excitement about the acquisition, stating that it will allow Polymarket to bring its services back to the US stock market as a fully regulated and compliant platform. He further emphasised that this move will help Polymarket "reach its full potential."
Sergei Dobrovolskii, founder of QCEX, shared similar sentiments, expressing his excitement about combining the companies' resources to help Polymarket grow.
Polymarket has become increasingly mainstream, with institutions, individuals, and media outlets relying on its real-time market prices to gauge the likelihood of future events across politics, current events, and pop culture. The platform has earned the reputation of being "the go-to platform for understanding what the world is thinking - and where it's headed."
In the first half of 2025, users have made approximately $6 billion in predictions on the Polymarket platform, demonstrating the massive demand for stock market prediction services. This demand has led to Polymarket nearing the closure of a $200 million funding round, which would value the company at over $1 billion.
The funding round is led by 1789 Capital, the venture capital firm of Donald Trump Jr., who recently joined Polymarket’s advisory board. Peter Thiel's Founders Fund, an existing investor, is set to lead the funding round, highlighting continued investor confidence in the stock market prediction space.
Polymarket's acquisition of QCEX comes after the platform was previously restricted from serving US stock market users due to a $1.4 million fine from the Commodity Futures Trading Commission in 2022. The partnership with X, which was recently announced, further cements Polymarket's position at the intersection of social media, politics, and stock markets.
In summary, the acquisition of QCEX by Polymarket is a strategic move aimed at expanding the stock market prediction platform's services and returning to the US stock market with full regulatory compliance. The move comes as Polymarket continues to gain mainstream relevance and investor confidence in the stock market prediction space.
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