Binance US Pursues Prediction Markets Amid Growing Legal Battles

TLDR Binance US has reportedly applied for CFTC approval to enter the US prediction market sector. Blockchain.com seeks two CFTC licenses covering regulated derivatives trading and brokerage services. Kalshi and Polymarket trading volumes reportedly climbed from $17 billion in January to $72 billion in September. Regulatory disputes continue as several US states challenge sports-related prediction contracts. Binance US and Blockchain.com are seeking US regulatory approval to offer prediction markets as cryptocurrency exchanges expand beyond traditional token trading. The Financial Times reported the applications on October 21, amid rising demand for contracts tied to real-world events.