Polymarket Returns to US Market After Receiving Official Permission
Date: 2025-09-05 Author: Gabriel Deangelo Categories: BUSINESS
Polymarket has secured its legal presence in the US jurisdiction by completing the acquisition of QCX for $112 million. Together with this company and its clearing division QC Clearing, the platform can now use its current license to legally operate in the US forecast market.
The Commodity Futures Trading Commission (CFTC) announced that it will not apply any sanctions to QCX. Moreover, the regulator partially exempted the exchange from mandatory reporting and recordkeeping requirements for cryptocurrency swaps and event contracts. This decision was a key step towards the official return of Polymarket.
Polymarket CEO Shane Coplan noted on the social network X that the CFTC actually allowed the company to start operating in the US.
It is worth recalling that until recently the company was under the attention of the American authorities. In July, the US Department of Justice dropped an investigation into alleged gambling violations. Polymarket was accused of offering cryptocurrency options and swaps in the form of bets to US users. However, the case was closed without any fines or legal consequences for the platform.
In addition, Polymarket previously shared with CoinDesk its plans to create its own stablecoin, which could be the next step in the development of the company's ecosystem.
Thus, after settling legal issues and acquiring a licensed exchange, Polymarket was able to regain the right to operate in the United States and is ready to continue implementing its projects in the blockchain forecast market.
