Binance.US says it plans to enter the prediction markets sector by seeking regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC). Speaking at a conference, the exchange’s chief executive officer said Binance.US intends to apply for a CFTC license that would allow the company to operate its own prediction market. One report notes the firm is considering a licensing path intended to enable the launch of such a platform, while another specifies the company expects to make the application in August. The statements indicate that Binance.US is pursuing a CFTC “stamp” or licensing status as part of its market-entry plans, aligning its prediction market activities with CFTC oversight. The reports do not provide additional details on the structure of the proposed markets, timelines beyond the planned application window, or whether the company expects approval before launching. No information is provided about potential products, customers, or enforcement or regulatory conditions associated with the licensing process.
Binance.US Plans CFTC Licensing to Launch Prediction Market
Binance.US says it plans to enter the prediction markets sector by seeking regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC). Speaking at a conference, the exchange’s chief...
- Binance.US says it plans to apply for a license with the CFTC.
- The purpose of the application is to launch a prediction market.
- The Binance.US CEO made the remarks at a conference.
- One account says the application is expected in August.
- The reports describe the effort as seeking CFTC approval to operate under U.S. oversight.
The CEO of the US crypto exchange said that the company would apply for a license with the CFTC in August allowing it to offer prediction markets.
1 hour agoBinance.US is planning to apply for a license with the Commodity Futures Trading Commission that would help it start its own prediction market, the company’s chief executive officer said at a conference on Wednesday.
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