Binance US and Blockchain.com seek US prediction market licenses
Binance US and Blockchain.com are seeking US prediction market licenses, joining other crypto exchanges in pursuing regulated event-contract products amid declining digital-asset trading volumes. Coinbase, Crypto.com, and Gemini are pursuing similar opportunities, according to reports dated October 21, 2026. None of the reports specify which regulator either exchange is approaching or a timeline for potential launch.
Blockchain.com already filed for CFTC licenses six days ago, and Binance US is now reportedly pursuing parallel approval. Each new crypto exchange entering the queue stretches staff hours thinner at the agency, delaying license reviews for incumbents and earlier applicants. The CFTC's pending swap-rule proposal could meanwhile reclassify event contracts and force any approved platform to restructure products before they launch.
State courts are moving faster than federal rulemaking, with Ohio and Tennessee already piercing Kalshi's federal shield. A license that arrives after a swap-rule redesign order turns competitive advantage into compliance cost. The exchange that clears CFTC review first gains a narrow window to build market share before the rule reshapes product requirements.
Binance US and Blockchain.com join Crypto.com, Coinbase, and Gemini in the queue of crypto-native platforms pursuing US event-contract licenses, a migration that now counts at least five major exchanges leaving pure digital-asset trading for regulated prediction markets.