Binance.US Takes Aim at Kalshi and Gemini with CFTC Prediction Markets Bid
Binance.US is making a bold move to expand its services in the US market. In August 2026, the exchange plans to file for a CFTC Designated Contract Market license, which will enable it to offer prediction markets and derivatives to retail customers. This move puts Binance.US directly in competition with other major players in the fintech industry, including Kalshi, Gemini, and Coinbase.
The combined trading volume in America's fastest-growing fintech segment reached $40 billion in 2025, demonstrating significant growth and potential for innovation. Stephen Gregory, CEO of Binance.US, made the announcement at Rare Evo in Las Vegas, highlighting the exchange's commitment to expanding its services in the US.
This move marks a major step forward for Binance.US as it looks to recover from its $4.3 billion loss suffered in 2022.