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Binance US Seeks CFTC Approval for Prediction Markets Launch

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Binance US is planning to apply to the U.S. Commodity Futures Trading Commission (CFTC) for designated contract market status in August.

The move is part of the exchange's turnaround strategy, which also includes lowering trading fees and expanding beyond spot cryptocurrency trading.

In addition to developing new offerings like perpetual contracts, Binance US is seeking to launch prediction markets for its customers.

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