Binance US, Blockchain com Enters Race to Offer Prediction Markets

HIGHLIGHTS Binance US and Blockchain com filed with US CFTC seeking approvals to offer prediction markets. Blockchain also filed for Futures Commission Merchant (FCM) to act as a broker for derivatives contracts. The move comes amid expansion beyond crypto and prolonged market downturn. Binance’s US arm and Blockchain com are seeking Commodity Futures Trading Commission (CFTC) approvals to offer regulated prediction markets and related derivatives to US customers. This comes as crypto companies expand their offering beyond crypto assets.