---
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 with Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses. Polymarket acquired QCX for $112M in January 2026 to inherit these licenses and enable return to US operations, bypassing the years-long de novo licensing process.

## Timeline

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

## Relationship to KB

- [[polymarket]] — acquired QCX to inherit CFTC regulatory licenses
- [[Polymarket achieved US regulatory legitimacy through $112M QCX acquisition establishing prediction markets as CFTC-regulated derivatives]] — the acquisition strategy