Breaking
Blockchain.com seeks CFTC approval for U.S. prediction markets and crypto derivatives
Blockchain.com is seeking CFTC designation and registration to offer U.S. event contracts and cryptocurrency derivatives. The application would put the crypto exchange in competition with existing CFTC-regulated prediction market platforms.
Why this matters?
Adds a well-capitalized crypto incumbent to the regulated prediction market race, potentially accelerating CFTC review timelines and pressuring first-mover platforms like Kalshi and Polymarket to defend market share.
The bigger picture
Joins Kalshi and Polymarket as the third platform seeking federal cover from state gambling laws, adding crypto-native heft to the CFTC-registration strategy while state attorneys general copy the Sixth Circuit template in Ohio, Tennessee, Missouri, and New York.
In this story