---
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 licenses and resume US operations, bypassing the typical multi-year licensing process.

## Timeline

- **2026-01-20** — Acquired by Polymarket for $112M, transferring DCM and DCO licenses to enable Polymarket's return to US market

## Relationship to KB

- [[Polymarket vindicated prediction markets over polling in 2024 US election]] — QCX acquisition enabled Polymarket's regulatory re-entry after 2022 CFTC settlement banned US operations
- [[polymarket.md]] — acquired by Polymarket