Americans Will Be Able To Gamble On Politics Again Thanks To New Corporate Acquisition

Americans will soon be able to legally bet on politics again, thanks to Polymarket’s $112 million acquisition of a government-regulated exchange Monday.

Polymarket’s Chief Executive Officer (CEO) Shayne Coplan made the announcement Monday in a post to X.

“Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million. This paves the way for us to welcome American traders again,” Coplan said in the post. (RELATED: Polymarket Releases First Look At 2028 Presidential Odds)

Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million.

This paves the way for us to welcome American traders again.

I’ve waited a long time to say this:

Polymarket is coming home 🇺🇸🦅 pic.twitter.com/Qjd5ZbUwKi

— Shayne Coplan 🦅 (@shayne_coplan) July 21, 2025

“I’ve waited a long time to say this: Polymarket is coming home,” he continued. 

In his post, Coplan announced a waitlist for users to join the platform, saying that Polymarket’s return is about serving American users once again.

“Owning a DCM and DCO will let us serve all American traders and brokerages. This acquisition isn’t just about a license; it’s Polymarket’s homecoming, returning stronger and ready to serve American users once again,” Coplan said.

Owning a DCM and DCO will let us serve all American traders and brokerages.

This acquisition isn’t just about a license; it’s Polymarket’s homecoming, returning stronger and ready to serve American users once again.

Join the waitlist: https://t.co/RJ52WEGCHU

— Shayne Coplan 🦅 (@shayne_coplan) July 21, 2025

In January 2022, the Commodity Futures Trading Commission (CFTC) accused Polymarket of running its platform without proper approval from regulators, according to a statement from the independent agency.

“The Commodity Futures Trading Commission today entered an order filing and simultaneously settling charges against Delaware-registered Blockratize, Inc. d/b/a Polymarket, based in New York City, for offering off-exchange event-based binary options contracts and failure to obtain designation as a designated contract market (DCM) or registration as a swap execution facility (SEF),” the release states.

The order required Polymarket to pay a $1.4 million penalty and to remove markets displayed on its platform that violated the Commodity Exchange Act (CEA) and CFTC regulations.

“All derivatives markets must operate within the bounds of the law regardless of the technology used, and particularly including those in the so-called decentralized finance or ‘DeFi’ space,” said Acting Director of Enforcement Vincent McGonagle in the release.

“Market participants should proactively engage with the CFTC to ensure that our markets remain robust, transparent, and afford customers the protection provided under the CEA and our regulations,” he continued.

The accusations started in June 2020 when Polymarket was accused of running an illegal website where people could bet money on real-world events — like elections or COVID case numbers — without government approval, according to the release. This is also known as “event markets.”

Polymarket was letting people bet on yes-or-no questions about future events, such as “Will Trump win the 2020 presidential election?” by buying and selling contracts tied to the outcome. The “market event” binary trade options fall under the CFTC’s jurisdiction, and therefore can only be done through a regulated platform.

With Polymarket acquiring a QCEX, it will legally be able to operate in the U.S. and offer regulated event betting. The clearinghouse allows Polymarket to act legally as an intermediary between buyers and sellers on its platform.