Polymarket · Supreme Court · U.S. · Decrypt
Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Blockchain.com is making a bid to join the U.S. prediction-market boom, telling CNBC it has applied to the Commodity Futures Trading Commission for licenses to offer event contracts and cryptocurrency derivatives to American customers.
Key facts
- The CFTC recently sent the White House new rules aimed at cementing its authority over prediction markets, while a court fight over whether event contracts are federally regulated swaps, pitting
- Analysts at Bernstein have projected the sector could generate billions in revenue by the end of the decade in what they predict will be a $10 trillion market
- A CFTC license would let it operate its own event-contract venue rather than route through third parties
- Together, the approvals would let Blockchain.com run its own regulated marketplace serving both retail and institutional traders in the U.S
Summary
Blockchain.com has applied to the CFTC for two licenses—a designated contract market and a futures commission merchant—to offer event contracts and crypto derivatives to U.S. retail and institutional customers. The move would bring in-house what it now offers abroad through Polymarket and Hyperliquid. It joins a crowded federal-license rush, as the CFTC asserts authority amid state gambling suits and a Supreme Court fight. The crypto platform filed for two designations, the company told CNBC: a designated contract market license, which would let it operate as a futures exchange for event contracts, and a futures commission merchant license, which would allow it to act as a broker for derivatives.