Polymarket Set for US Return After Deal to Buy Tiny Exchange

The Polymarket homepage, displaying bets and odds.
Source: Polymarket

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By Lydia Beyoud, Sridhar Natarajan, and Nicola M White

July 21, 2025 at 2:27 PM UTC

Updated on

July 21, 2025 at 4:08 PM UTC

Polymarket, the crypto-betting platform that was kicked offshore by federal regulators, has struck a deal to return to the US market just weeks after prosecutors shut down a probe of the company.

The predictions marketplace has bought a little-known derivatives exchange and clearinghouse called QCX, that will help Polymarket to legally re-enter the US. The move will help formally open the betting site to US users after its surging popularity in 2024 when users placed millions of dollars of wagers on President Donald Trump returning to office.