Polymarket Acquires CFTC-Licensed Exchange and Clearinghouse QCEX for $112 Million
NEW YORK, July 21, 2025 /PRNewswire/ — Polymarket, the world's largest prediction market, today announced that it has closed an acquisition of the holding company of a Commodity Futures Trading Commission-licensed derivatives exchange (QCX, LLC) and clearinghouse (QC Clearing LLC) (collectively "QCEX") for $112 million. The transaction marks a significant step toward expanding access to Polymarket's category-defining platform in the United States, enabling more users than ever to trade prediction market contracts with regulatory clarity and confidence.
"Polymarket is the largest prediction market globally and has become synonymous with understanding the probability of current events," said Shayne Coplan, Founder and CEO of Polymarket. "Demand is greater than ever — not just in user growth and trading volume, but in how mainstream audiences are turning to Polymarket to separate signal from noise, bias, and speculation. "Now, with the acquisition of QCEX, we are laying the foundation to bring Polymarket home — re-entering the US as a fully regulated and compliant platform that will allow Americans to trade their opinions."
"When we began the process to obtain our DCM & DCO licenses over 4 years ago, the prediction market was in its infancy. But we have long believed in its potential to change the way people access and understand information and express their views on that information," said Sergei Dobrovolskii, Founder of QCEX. "Shayne has built a cultural phenomenon in Polymarket. 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."
Polymarket has continued to build significant momentum as the world's largest prediction market and a trusted source of real-time information. In the first half of 2025 alone, users have already made about $6 billion in predictions on the platform. Most recently, Polymarket announced an official partnership with 𝕏, further solidifying its position at the intersection of politics, markets, and culture.
The acquisition of the QCEX entities paves the way for U.S. users to access Polymarket in the near future within a fully regulated, U.S.-compliant framework. As prediction markets continue to gain mainstream relevance, Polymarket remains the go-to platform for understanding what the world is thinking — and where it's headed. To explore live markets and stay ahead of the curve, visit polymarket.com.
About Polymarket
Polymarket is the world's largest prediction market. On Polymarket, traders predict the outcome of future events and win when they are right. As traders react to breaking news in real-time, market prices are the best gauge of the likelihood of events occurring. Institutions, individuals, and the media rely on these forecasts to report the news and better understand the future. Across politics, current events, pop culture, and more, billions of dollars of predictions have been made so far on Polymarket in 2025.
Contact
press@polymarket.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
13 hours ago
- Malaysian Reserve
5th China New E-commerce Conference Opens in Yanbian, Jilin Province
YANJI, China, July 27, 2025 /PRNewswire/ — This is a news release from The 5th China New E-commerce Conference opened today in Yanbian, Jilin Province, aiming to deepen public-private dialogue and drive the continued evolution of the country's digital commerce sector. The event is hosted by the China Federation of Internet Societies and co-organized by the China International Electronic Commerce Center, the Publicity Department of the CPC Jilin Provincial Committee, the Cyberspace Administration of Jilin Province, the Jilin Provincial Department of Commerce, and the People's Government of Yanbian Korean Autonomous Prefecture, with additional support from the China Chamber of International Commerce. Positioned as a high-level platform for engagement between government regulators and industry leaders, the conference reflects the growing role of emerging e-commerce platforms in shaping digital innovation and corporate social responsibility. It also highlights efforts to promote regional alignment, resource integration, and sustainable digital economic growth. Held under the theme 'A New Era of Digital intelligence, A New Value for E-commerce,' the program features an opening ceremony, main forum, sub-forums, specialized breakout sessions, and a series of satellite events. Among the highlights were policy briefings and keynote addresses from senior government officials and industry executives, the release of the China New E-commerce Development Report (2025), and the presentation of new case studies documenting innovation across the e-commerce sector. Organizers also introduced the fourth cohort of top-performing livestream hosts as part of the ongoing Talent Development Program and formally launched the Empowering Premium Hosts Initiative. The event additionally marked the rollout of two new initiatives: the Integrated Cross-border Exhibition and Sales Project and the High-quality Development Campaign for New E-commerce. Four thematic sub-forums focused on technological innovation, integrated development, cross-border e-commerce, and sustainability and corporate responsibility. Two featured events—the industry chain matchmaking and exhibition showcase, and a dedicated session on the ginseng industry—offered insight into key regional and vertical strengths. In parallel, a slate of related activities was held, including the High-quality Development Campaign for New E-commerce, the national finals of the China E-commerce Host Competition—which emphasized revitalization efforts in China's border regions through health and wellness—and continued programming under the Empowering Premium Hosts Initiative. Collectively, these efforts aim to translate the conference's agenda into practical outcomes and unlock further growth across the broader e-commerce ecosystem.
Malaysian Reserve
15 hours ago
- Malaysian Reserve
100 Days to 8th CIIE: Preps Harden as Global Exhibitors Eye Business Potential in China
SHANGHAI, July 27, 2025 /PRNewswire/ — Facing the complex international landscape and mounting challenges, China International Import Expo (CIIE) consistently acts as a platform for global business exchange. With only 100 days to go, the 8th CIIE is set to take place in Shanghai from November 5 to 10. As of now, over 50 countries and international organizations have confirmed their participation in the Country Pavilion. Sweden and the United Arab Emirates will serve as guest countries of honor at the 8th CIIE, while Kyrgyzstan will make its debut. To help global enterprises across sectors better integrate into the Chinese market, the Corporate Pavilion features six major exhibition areas—encompassing Medical Equipment and Healthcare Products, Automobile and Smart Mobility, Intelligent Industry & Information Technology, Consumer Goods, Food and Agriculture Products, and Trade in Services—and will continue hosting its Innovation Incubation Special Section. Driven by strong interest and participation from overseas companies, total booked exhibition space has surpassed 330,000 square meters, with 170 companies and 26 institutions becoming eight-time full-attendance exhibitors. Notably, this year's Corporate Pavilion introduces four fresh innovations, demonstrating its vibrant energy and vast collaboration opportunities for participants. A special section for the least-developed countries products will launch alongside an upgraded Africa products section, helping 53 diplomatic African partners leverage zero-tariff treatment to enter the Chinese market. A new section for overseas provinces and cities stands as another highlight. Focused on global premieres, a dedicated trail for exploring debuts and a section amplifying exhibitors' presence are introduced. A cross-border e-commerce platform will be established for specialized promotion, matching, and livestreaming. The 8th Hongqiao International Economic Forum (HQF) will convene under the theme 'Opening-up for New Opportunities, Cooperation for a Shared Future'. Alongside the release of the World Openness Report 2025 and the latest World Openness Index, the HQF will host over 20 parallel sessions on revitalizing multilateral cooperation, empowering digital intelligence, green and sustainable development, and a more open China. Side events will retain previous categories, while people-to-people exchange activities will add a new 'Charming Friends of City' zone, inviting international friendly provinces and cities to set up their booths. Stay tuned for the 8th CIIE – secure your spot now! Sign up as an exhibitor: Sign up as a professional visitor: Contact: Ms. Cui Yan Tel.: 0086-21-968888 Email: exhibition@ Photo – View original content:
New Straits Times
15 hours ago
- New Straits Times
US migrant raids spark boom for private detention providers
DONALD Trump's promise to carry out the largest deportation operation in US history has appalled some Americans. But others are cashing in on the boom in demand for private detention centres. Migrants captured by Immigration and Customs Enforcement agents need to be temporarily housed in places like the facility being readied in California City, prior to deportation. "When you talk to the majority of residents here, they have a favourable perspective on it," said Marquette Hawkins, mayor of the hardscrabble settlement of 15,000 people, 100 miles (160 kilometres) north of Los Angeles. "They look at the economic impact, right?" California City is to be home to a sprawling detention centre that will be operated by CoreCivic, one of the largest companies in the private detention sector. The company, which declined AFP requests for an interview, says the facility would generate around 500 jobs, and funnel US$2 million in tax revenue to the city. "Many of our residents have already been hired out there to work in that facility," Hawkins told AFP. "Any revenue source that is going to assist the town in rebuilding itself, rebranding itself, is going to be seen as a plus," he said. Trump's ramped-up immigration arrests, like those that provoked protests in Los Angeles, saw a record 60,000 people in detention in June, according to ICE figures. Those same figures show the vast majority have no conviction, despite the president's election campaign promises to go after hardened criminals. More than 80 per cent of detainees are in facilities run by the private sector, according to the TRAC project at Syracuse University. And with Washington's directive to triple the number of daily arrests – and US$45 billion earmarked for new detention centers – the sector is looking at an unprecedented boom. "Never in our 42-year company history have we had so much activity and demand for our services as we are seeing right now," Damon Hininger, executive director of CoreCivic, said in a May call with investors. When Trump took office in January, some 107 centres were operating. The number now hovers around 200. For Democratic politicians, this proliferation is intentional. "Private prison companies are profiting from human suffering, and Republicans are allowing them to get away with it," Congresswoman Norma Torres told reporters outside a detention centre in the southern California city of Adelanto. At the start of the year, there were three people detained there; there are now hundreds, each one of them attracting a daily stipend of taxpayer cash for the operator. Torres was refused permission to visit the facility, run by the privately owned GEO Group, because she had not given seven days' notice, she said. "Denying members of Congress access to private detention facilities like Adelanto isn't just disrespectful, it is dangerous, it is illegal, and it is a desperate attempt to hide the abuse happening behind these walls," she said. "We've heard the horrifying stories of detainees being violently arrested, denied basic medical care, isolated for days, and left injured without treatment," she added. Kristen Hunsberger, a staff attorney at the Law Center for Immigrant Advocates, said one client complained of having to wait "six or seven hours to get clean water." It is "not sanitary and certainly not... in compliance with just basic human rights." Hunsberger, who spends hours on the road going from one centre to another to locate her clients, says many have been denied access to legal counsel, a constitutional right in the United States. Both GEO and ICE have denied allegations of mistreatment at the detention centers. "Claims there is overcrowding or subprime conditions in ICE facilities are categorically FALSE," said Tricia McLaughlin, the assistant secretary at the Department of Homeland Security. "All detainees are provided with proper meals, medical treatment and have opportunities to communicate with their family members and lawyers." But some relatives of detainees tell a different story. Alejandra Morales, an American citizen, said her undocumented husband was detained incommunicado for five days in Los Angeles before being transferred to Adelanto. In the Los Angeles facility, "they don't even let them brush their teeth, they don't let them bathe, nothing. They have them all sleeping on the floor, in a cell, all together," she said. Hunsberger said that for detainees and their relatives, the treatment appears to be deliberate. "They're starting to feel that this is a strategy to wear people down, to have them in these inhumane conditions, and then pressure them to sign something where they could then agree to being deported," she said.
