CFTC Registration Sought by Blockchain.com for Derivatives and Prediction Markets
Photo: BlockTelegraph
Blockchain.com has applied for two Commodity Futures Trading Commission (CFTC) registrations, seeking to offer prediction markets and crypto derivatives to U.S. traders. The company has applied to be a designated contract market and a futures commission merchant. These applications, if approved, could allow Blockchain.com to provide event-based prediction contracts and crypto derivatives within the United States. The move signals Blockchain.com's ambition to expand its regulated offerings in the U.S. market. Prediction markets, which allow users to bet on the outcomes of real-world events, and perpetual-style crypto products are becoming increasingly significant in the competitive landscape of major trading platforms.
Source: BlockTelegraph
