Legal
Binance.US applies for CFTC license to enter prediction market
Binance.US has applied for a CFTC license to offer prediction market services, a move that would put it in direct competition with established platforms Kalshi and Polymarket. The application follows CFTC guidelines for designated contract markets (DCMs), which can legally trade futures and event contracts.
Why this matters?
A CFTC-licensed Binance.US would bring one of the largest crypto exchanges into regulated prediction markets, intensifying competition for Kalshi and Polymarket while potentially accelerating mainstream adoption.
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