Binance.US Seeks CFTC Approval for Prediction Market Expansion

Binance.US is planning to expand into prediction markets by applying for a designated contract market license from the Commodity Futures Trading Commission (CFTC) next month. The exchange's CEO, Stephen Gregory, revealed this plan during the Rare Evo conference in Las Vegas.

The CFTC regulates federally registered exchanges that offer futures, options, and other derivative contracts. To be approved, Binance.US must meet requirements covering market surveillance, customer protection, financial resources, and safeguards against manipulation.

Binance.US has not yet appeared on the CFTC's public list of pending designated contract market applications, consistent with Gregory's statement that the filing is planned for next month. Approval is not guaranteed, and the company has not disclosed a timeline for launching any products.