Yeliz Akmaca 
After more than three years, crypto betting platform Polymarket has made a strong return to the US market. This comeback was enabled by acquiring QCEX, a derivatives exchange licensed by the CFTC. Thanks to this acquisition, the platform has resumed operations in the US under a legal framework.
The investigations previously initiated by the US Department of Justice (DOJ) and the CFTC have concluded. This development allows Polymarket to offer uninterrupted access to US users. CEO Shayne Coplan emphasized the importance of returning with legal strength and regulatory clarity.
QCEX Acquisition and a New Era in US Regulation
QCEX received its CFTC license in July 2024, giving Polymarket a significant advantage. Through the acquisition, the platform gained Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) status. This enables it to legally operate in the US derivatives market.
During the Biden administration, US regulators have softened their stance toward the crypto sector. Strict oversight has been replaced with more supportive policies. New laws and regulations, such as the GENIUS Act, are accelerating the industry’s growth. Polymarket is leveraging these advantages to strengthen its position in the US market.
Stablecoin Strategy, Reward System Overhaul, and Funding Goals
Polymarket plans to launch its own stablecoin to increase financial strength. This strategy would allow the platform to capture the interest income currently generated from its USDC reserves, boosting revenue and financial sustainability.
The platform’s user traffic is also noteworthy. According to SimilarWeb, more than $8 billion was wagered during the 2024 US election cycle. In May alone, the site received approximately 16 million visits.
Additionally, Polymarket recently announced updates to its rewards and oracle systems. The 2028 Election Holding Rewards Program is designed to provide more accurate pricing and easier access for users. Recent reports indicate the platform is nearing a $1 billion valuation, while fundraising efforts for $200 million are ongoing.
Meanwhile, the conclusion of DOJ and CFTC investigations has eliminated legal uncertainties. These developments support Polymarket’s long-term success in the US market.
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