Blockchain.com and Binance US Seek US Approval to Enter Prediction Markets

Blockchain.com and Binance US are seeking U.S. regulatory approval to offer prediction markets, joining a growing group of cryptocurrency companies looking to expand beyond traditional digital asset trading. According to a Financial Times report published on October 21, Binance US recently applied to the U.S. Commodity Futures Trading Commission (CFTC) for authorization to offer prediction markets. Blockchain.com filed its application last week, the report said. Blockchain.com confirmed on October 13 that it had applied for two registrations with the CFTC: a Designated Contract Market (DCM) licence and registration as a Futures Commission Merchant (FCM).

Also reported by Coincu.

Source: TheNewsCrypto