Moomoo gets U.S. approval to offer prediction market event contracts to retail users

Moomoo, the U.S. brand of Futu Holdings Ltd (FUTU.US), secured regulatory approval from U.S. authorities to offer prediction market event contracts to retail users, the company announced May 28. The retail brokerage platform becomes a newly regulated entrant in the U.S. prediction market space, adding competition to incumbent platforms. Futu Holdings and moomoo plan to roll out event contracts and expand their presence in the sector. The approval comes as Futu balances rapid growth against regulatory headwinds in the expanding U.S. prediction market landscape. Moomoo's entry follows growing interest among traders, though the company has not disclosed specific launch timing or product pricing details.