Polymarket Could Return to U.S. Market After $112M Acquisition

Polymarket is set to re-enter the U.S. after acquiring a licensed exchange, ending years of regulatory exclusion.

(Photo of Adam Śmigielski on Unsplash)

Posted July 22, 2025 at 10:03 am EST.

Crypto prediction platform Polymarket is preparing to re-enter the U.S. market after being blocked for several years due to regulatory issues.

Bloomberg reported that Polymarket’s return will be enabled by its $112 million acquisition of QCX, a U.S.-licensed derivatives exchange and clearinghouse that holds the necessary Commodity Futures Trading Commission (CFTC) license to operate in the U.S.

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Polymarket had previously agreed in 2022 to block U.S. users as part of a CFTC settlement over unregistered binary options trading. 

Subsequent investigations by the CFTC and Department of Justice into whether it continued to allow U.S. users have now been closed, clearing the legal path for its reentry.