Polymarket Acquired CFTC-Registered Exchange QCX for $112 Million

Deal Summary

Polymarket acquired QCX, a CFTC-registered derivatives exchange, for $112 million earlier in 2025 to enable a regulated U.S. relaunch. The purchase is intended to bring Polymarket’s prediction markets back to U.S. users in a regulated format and precedes plans for a native token and user airdrop.