- Polymarket obtains CFTC approval to re-enter the U.S. market after QCX acquisition.
- Regulatory nod follows a settlement and operational suspension in 2022.
- Potential market expansion with advisory support from high-profile figures.
Polymarket’s acquisition of QCX has received U.S. Commodity Futures Trading Commission approval, allowing it to re-enter the American market after a 2022 operational halt.
This approval may quickly influence crypto markets, indicating regulatory acceptance for crypto-native platforms amid increasing interest in decentralized finance structures.
Polymarket Completes $112 Million QCX Acquisition
Polymarket’s acquisition of QCX LLC, a U.S.-registered exchange, marks its return to legal operations in the United States after facing regulatory hurdles. The $112 million deal was completed in July 2025, easing compliance with legal frameworks. Founder Shayne Coplan confirmed the regulatory nod via a public statement on X.
This move shifts Polymarket from a pause to a legally compliant platform in the U.S., revisiting a previously suspended market. The CFTC’s no-action letter exempts Polymarket from certain swap data and recordkeeping duties. Investors and stakeholders await further launch information following Polymarket’s announcement.
Impressive work by the team and CFTC—process completed in record timing. Stay tuned for launch details. — Shayne Coplan, Founder & CEO, Polymarket
Reactions within the crypto industry are attentive, reflecting mixed views about regulatory standards. Dennis Kelleher, Better Markets’ president, raised concerns over potential laxity in dealing with unregistered exchanges.
Historical Context, Price Data, and Expert Analysis
Did you know? Polymarket’s approval mimics precedent set by Kalshi and CME, marking the first time a crypto-centric platform gains such exemptions without a governance token.
According to CoinMarketCap, Ethereum prices surged by 3.06% over a 24-hour period, bringing its current value to $4,453.04. The asset holds a market dominance of 13.91% with a circulating supply of 120,705,395.86 as of September 4, 2025. Recent data reveals a significant increase of 76.93% over 60 days.
Coincu’s research indicates potential expansion in derivatives trading, leveraging recent technological advances and a favorable regulatory backdrop. Anticipations are set for increased volumes and user engagement, marking a notable step for crypto-backed prediction markets in the legal domain.
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Source: https://coincu.com/news/polymarket-cftc-approval-us-return/