Binance US Seeks CFTC Approval for Prediction Markets Launch

Binance US is set to submit an application to the US Commodity Futures Trading Commission (CFTC) for a Designated Contract Market (DCM) license. The exchange aims to launch prediction markets for its customers, a move that aligns with its growth strategy.

According to CEO Stevie Satoshi, the initiative is part of Binance US's broader plans, which also include lowering trading fees and expanding beyond spot trading into products such as prediction markets and crypto perpetual futures.