Alpaca registers as futures commission merchant with CFTC and NFA
Alpaca has registered as a Futures Commission Merchant with the Commodity Futures Trading Commission and the National Futures Association. The fintech infrastructure provider sees event contracts as one way modern infrastructure can responsibly broaden access to regulated markets.
Alpaca's FCM registration gives it a regulatory foothold to clear and execute event-contract trades, positioning it to serve prediction-market platforms that need compliant back-end infrastructure rather than building their own.
Alpaca joins JPMorgan and Coinbase as infrastructure and banking players now formally embedded in the prediction-market supply chain, even as regulatory hedging and state-court losses fragment the operating map for platforms like Kalshi and Polymarket.