Deals
Binance.US CEO says exchange will seek CFTC license for prediction markets
The CEO of Binance.US said the crypto exchange will apply for a license with the Commodity Futures Trading Commission in August that would allow it to offer prediction markets. The move would make Binance.US a CFTC-licensed entity if approved.
Why this matters?
A CFTC-licensed Binance.US would enter as a direct competitor to Kalshi and Polymarket with an established crypto-native user base and brand recognition, potentially accelerating regulatory legitimacy for prediction markets but also crowding the licensed venue space.
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