Binance.US, Blockchain.com Seek CFTC Approval for Prediction Markets

Binance.US and Blockchain.com have each filed with the U.S. Commodity Futures Trading Commission seeking approval to offer prediction markets, according to reporting by CoinGape, marking a notable regulatory push by two of the industry’s largest crypto platforms to expand into a product category that sits squarely under federal derivatives oversight. The CFTC maintains oversight of designated contract markets , the federal category under which any U.S.-regulated prediction market or derivatives exchange must operate.