Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives

Blockchain.com is making a bid to join the U.S. prediction-market boom, telling CNBC it has applied to the Commodity Futures Trading Commission for licenses to offer event contracts and cryptocurrency derivatives to American customers. The crypto platform filed for two designations, the company told CNBC : a designated contract market license, which would let it operate as a futures exchange for event contracts, and a futures commission merchant license, which would allow it to act as a broker for derivatives. Together, the approvals would let Blockchain.com run its own regulated marketplace serving both retail and institutional traders in the U.S.