Original Title: "Polymarket Spends $112 Million to Acquire Exchange QCEX, Obtains U.S. Regulatory Approval, Will the Next Step Be Issuing a Coin?"
Original Author: Editor Jr, BlockTempo

The decentralized prediction platform Polymarket announced on July 21 that it had acquired the CFTC-approved QCX exchange and clearinghouse for $112 million, officially obtaining a regulatory ticket and re-entering the U.S. market.

Regulation Becomes the Sole Pass

Polymarket CEO Shayne Coplan stated in the announcement:

"This move lays the foundation for Polymarket's return to the U.S. market, allowing us to become a fully regulated and compliant platform."

Looking back to 2022, Polymarket was targeted by the CFTC for operating without registration, forcing it to lock out U.S. users. Now, through the acquisition of the licensed QCX, Polymarket has closed all regulatory gaps in one go, incorporating the word "legal" into its product description.

A Turning Point from Five Years of Drifting to Concrete Ground

Despite being blocked from entry for these five years, Polymarket still delivered impressive numbers. According to platform data, Polymarket had a trading volume of around $6 billion in the first half of 2025, demonstrating strong demand.

The formal approval from the CFTC categorizes prediction contracts as financial instruments under the Commodity Exchange Act, dispelling any "gambling" doubts. Additionally, the U.S. Department of Justice and the CFTC concluded their investigation into Polymarket, further eliminating uncertainties.

The Market Value of Information Aggregators

It is worth noting that after the betting frenzy surrounding last year's U.S. presidential election, experts pointed out that Polymarket not only has a price pool but also serves as a real-time reflection of public opinion.

Coplan believes that Polymarket can "distinguish signals from noise, bias, and hype," with the implicit probabilities formed by a large number of participants' bets often being viewed externally as a real-time indicator of the likelihood of events coming true. During the 2024 U.S. presidential election, several media outlets cited Polymarket data as a barometer. Recently, Polymarket also announced an official partnership with X, a platform under Musk's umbrella, attempting to further bring predictive data into the mainstream community.

What's Next for Token Issuance?

Analysts point out that after obtaining a U.S. license, Polymarket is expected to see another surge in users and trading volume. For other fintech startups, entering regulated markets through the acquisition of licensed companies has proven to be a viable shortcut. A broader impact is that prediction markets are seen as alternative data sources, which may in the future supplement the time lag of traditional polls and research reports, allowing investment institutions to have faster information on event-driven trades.

Additionally, it is worth mentioning that there has been speculation within the community that Polymarket may be planning to launch its own native cryptocurrency (for example, The Information has reported that Polymarket is considering issuing a token to enhance market operations or as a fundraising tool). However, as of July 2025, Polymarket's executives have not publicly confirmed any token issuance plans.

Currently, Polymarket's acquisition of a U.S. compliance license has led the community to believe that the platform's time to token issuance is getting closer.

Original Article Link

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia