Blockchain.com Seeks CFTC Approval for U.S. Prediction…
By Tobi Opeyemi Amure
AI summary of the source article
Blockchain.com has submitted applications to the U.S. Commodity Futures Trading Commission for designated contract market status and futures commission merchant registration. These licenses would permit the platform to operate a regulated futures exchange and brokerage, offering prediction markets and crypto derivatives to retail and institutional clients in the United States. The move comes as several cryptocurrency platforms push into regulated event-based trading amid regulatory scrutiny and legal disputes over state gambling laws. Additionally, Blockchain.com is preparing for a potential U.S. public listing, having submitted a confidential draft registration statement to the SEC in May while targeting a valuation between $4 billion and $6 billion.
Why it matters
The applications mark an effort by a major digital asset platform to offer regulated derivatives and event-based contracts in the U.S. while positioning itself for a public market debut.
Key facts
- Blockchain.com applied for DCM status and FCM registration with the U.S. CFTC to offer prediction markets and crypto derivatives.
- The platform already offers prediction markets via Polymarket and perpetual futures via Hyperliquid to international users.
- The regulatory push coincides with Blockchain.com's IPO preparations, having filed confidentially with the SEC in May targeting a $4 billion to $6 billion valuation.