Polymarket Eyes US Return After DOJ Investigation Closes

Polymarket Plans US Market Return

Polymarket, a prominent prediction market, is gearing up to resume operations in the United States. This move follows the resolution of regulatory issues in one of the world’s largest financial markets.

To facilitate its return, Polymarket has finalized a $112 million agreement to acquire QCEX, a Commodity Futures Trading Commission (CFTC)-licensed derivatives exchange and clearinghouse. This acquisition will enable Polymarket to offer fully compliant trading of prediction market contracts to users in the US.

Polymarket founder and CEO, Shayne Coplan, described the acquisition as a "path home," which will allow Americans to trade their opinions with regulatory clarity and confidence.

"Demand is greater than ever," Coplan stated, "not just in user growth and trading volume, but in how mainstream audiences are turning to Polymarket to separate signals from noise, bias, and speculation."

This acquisition is announced shortly after the US Justice Department and the CFTC formally closed their investigations into Polymarket. These investigations examined whether Polymarket continued to serve US-based traders despite a prior CFTC settlement, which had previously led the company to operate offshore.

QCEX founder, Sergei Dobrovolskii, noted that the prediction market was still emerging when they began pursuing regulatory licenses over four years ago. He added that Polymarket has since evolved into a cultural phenomenon.

"Shayne has built a cultural phenomenon at Polymarket," Dobrovolskii said. "I am excited to bring our companies together and leverage our licenses, technology, and expertise in the retail trading sector to help Polymarket reach its full potential."

In addition to regulatory progress, Polymarket has also achieved a major business development milestone by becoming the official prediction market partner of Elon Musk’s X.

Key Takeaways

• Polymarket has acquired an exchange to resume operations in the US market.
• The Department of Justice has ended its probe into Polymarket, clearing regulatory uncertainty.

At Codeum, we champion secure and compliant blockchain solutions. Like Polymarket, navigating the regulatory landscape is crucial for sustainable growth. Our services, including smart contract audits and KYC verification, help projects maintain the highest standards of security and compliance.