Binance.US Seeks CFTC License for Prediction Markets

Binance.US, the American subsidiary of popular cryptocurrency exchange Binance, is taking steps to launch prediction markets. According to recent reports, Binance.US plans to apply for a license from the US Commodity Futures Trading Commission (CFTC) to enable the creation and trading of prediction markets.

The move comes as part of the company's efforts to expand its offerings in the US market. Prediction markets allow users to bet on the outcome of future events, such as sports games or election results. By launching these markets, Binance.US aims to provide a new way for users to engage with and speculate on various outcomes.

While no specific timeline has been given for when prediction markets will be available, the application for a CFTC license is seen as a significant step towards making this happen.