Bitnomial Clearinghouse LLC obtained approval from the US Commodity Futures Buying and selling Fee (CFTC) to clear totally collateralized swaps, enabling its mother or father firm, Bitnomial, to launch prediction markets and provide clearing companies to different platforms.
Based on Friday’s announcement, Bitnomial’s prediction market will cowl crypto and financial occasions, alongside its present Bitcoin (BTC) and crypto derivatives merchandise. The contracts are designed to permit merchants to take positions on outcomes, equivalent to token worth ranges and macroeconomic information.
The approval expands the umbrella of the buying and selling merchandise provided by Bitnomial. Primarily based in Chicago, the corporate’s change and clearing arms provide perpetuals, futures, choices contracts and leveraged spot buying and selling. The corporate’s clearinghouse additionally helps crypto-based margin and settlement, permitting accepted merchandise to be margined and settled instantly in digital property.
Bitnomial president Michael Dunn stated the approval permits the corporate to serve “each our personal change and exterior companions, constructing a clearing community that strengthens your entire prediction market ecosystem.”
Bitnomial Clearinghouse operates as an infrastructure-only clearing supplier, moderately than a retail competitor, giving accepted companions entry to its margin and settlement programs and permitting collateral to be transformed between US {dollars} and cryptocurrency.
The approval follows a latest inexperienced mild to launch a CFTC-regulated spot cryptocurrency buying and selling platform within the US, permitting prospects to purchase, promote and commerce leveraged and non-leveraged crypto merchandise on a federally supervised change.
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Polymarket positive aspects momentum within the US
Prediction markets have emerged as a serious pattern in 2025. Based on DefiLlama information, prediction market Kalshi has generated $5.27 billion in buying and selling quantity during the last 30 days, whereas blockchain-based Polymarket recorded slightly below $2 billion over the identical time interval.
In November, Polymarket obtained regulatory approval from the CFTC to function an intermediated buying and selling platform, permitting entry by means of registered brokers beneath the principles governing US markets.
The approval adopted the closure of an investigation in July led by the CFTC and US Division of Justice into whether or not Polymarket had allowed buying and selling by US customers, a probe that included an FBI search of founder Shayne Coplan’s dwelling.
Polymarket, which settles contracts on the Polygon blockchain utilizing the USDC (USDC) stablecoin, has additionally secured a number of partnerships in latest months, together with the UFC and Zuffa boxing and fantasy sports activities operator PrizePicks in November.
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