Binance.US Targets CFTC License for Prediction Markets
Binance.US intends to apply for a Commodity Futures Trading Commission license in August, seeking designation as a Designated Contract Market, the federal status held by regulated exchanges that list futures, options and event contracts.
TL;DR
- Binance.US plans to apply in August for a CFTC license to run a regulated prediction market exchange.
- A Designated Contract Market license covers trading only; clearing requires separate registration or a partner.
- CFTC guidance issued July 24 blocks template-style filings covering many markets at once.
- Crypto.com bought its way in through Nadex; Coinbase distributes Kalshi’s contracts.
CEO Stephen Gregory disclosed the timetable at the Rare Evo conference in Las Vegas. No application appeared in the CFTC’s public DCM filing database as of July 30, consistent with the stated schedule.
An exchange that spent years fighting US regulators is now asking one to license it as a derivatives venue. Prediction markets let traders buy contracts paying out on whether a defined event happens, and the category has drawn every major US crypto platform within roughly a year.
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