---
type: entity
entity_type: company
name: QCX
domain: internet-finance
status: acquired
tracked_by: rio
created: 2026-03-11
---

# QCX

QCX was a CFTC-regulated derivatives exchange and clearinghouse holding Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses. Polymarket acquired QCX for $112M in January 2026 to inherit these federal licenses and resume US operations, bypassing the typical years-long de novo licensing process. The acquisition represents the first successful "regulation via acquisition" strategy for crypto prediction markets.

## Timeline

- **2026-01-XX** — Acquired by Polymarket for $112M, transferring CFTC DCM and DCO licenses to enable Polymarket's return to US operations

## Relationship to KB

- [[polymarket]] — acquired QCX to inherit CFTC licenses
- Demonstrates "regulation via acquisition" as viable path for crypto prediction market compliance
- Establishes precedent that CFTC licenses can be transferred through acquisition rather than requiring de novo application