Binance.US is moving forward with plans to enter the U.S. prediction market space by applying for a license from the Commodity Futures Trading Commission (CFTC) this August. If approved, the license would allow the exchange to offer regulated futures, options, and event-based contracts to retail clients, expanding its footprint beyond traditional spot cryptocurrency trading.
CEO Stephen Gregory revealed the move during the Rare Evo conference in Las Vegas, signaling the company’s intention to diversify its product lineup. This strategy aligns with Binance.US’s recent efforts to gain regulatory approval for derivatives and perpetual futures, marking a significant push to broaden its offerings amid growing competition in the space.
Prediction Markets Heating Up in the U.S.
The designated contract market (DCM) license would put Binance.US alongside a select group of federally regulated U.S. operators like Kalshi, Polymarket US, and Gemini, which received its license earlier this year. Coinbase has also entered the market through a partnership with Kalshi, offering event contracts to American users.
Meanwhile, non-crypto platforms are eyeing this space too. Robinhood’s recent earnings highlighted strong growth in revenue from event contracts, and The Wall Street Journal reported the brokerage firm is considering adding Crypto.com’s prediction market contracts. This intensifying competition reflects increasing demand from retail investors interested in regulated event-based trading products.
Despite federal oversight, prediction markets face ongoing legal risks due to conflicting state regulations and lawsuits, which continue to create uncertainty for operators. Binance.US’s bid to become a federally regulated DCM signals its commitment to navigating these challenges and scaling its presence in the U.S.
This material is for informational purposes only and does not constitute financial advice.
