Binance.US plans to use to the U.S. Commodity Futures Buying and selling Fee subsequent month for a Designated Contract Market (DCM) license to supply regulated prediction markets to U.S. clients. CEO Stephen Gregory, also called Steve Gregory, confirmed the plan on stage on the RareEvo convention in Las Vegas on July 29, in line with a put up on X by journalist Eleanor Terrett. The submitting marks the clearest step but within the alternate’s push to rebuild its U.S. enterprise after years of diminished choices.
What a DCM License Would Enable
A DCM license is the CFTC’s core authorization for a regulated alternate to checklist futures, choices, and event-based contracts. Profitable one would let Binance.US supply prediction markets on to U.S. clients, mirroring Binance’s personal entry into prediction markets elsewhere. Gregory, who took over as Binance.US CEO in March 2026, framed the submitting as one piece of a bigger technique that additionally consists of decrease buying and selling charges and an growth into perpetual futures.
Binance.US has not but submitted the applying, and the CFTC’s public submitting checklist doesn’t present one pending as of July 29. Approval, if it comes, might take a number of months, and the result isn’t assured, significantly with state-level authorized disputes over prediction markets nonetheless working by the courts.
The timing traces up with a broader run-up in U.S. event-contract buying and selling, with quantity on CFTC-authorized platforms topping $25 billion in 2025, up from simply 131 licensed contracts in 2021. The push additionally follows favorable CFTC alerts towards these platforms, together with dropping its case in opposition to Gemini.
What This Means for Merchants
A DCM license would give Binance.US customers a regulated, U.S.-based venue for prediction markets as a substitute of counting on offshore platforms. It could additionally mark the alternate’s first growth past spot buying and selling because the SEC’s securities lawsuit in opposition to Binance.US was dismissed with prejudice in Could 2025, closing out almost two years of authorized uncertainty. For merchants who left throughout that stretch, a DCM license could be the clearest signal but that Binance.US is rebuilding its lineup.
The Path to CFTC Approval
Gregory mentioned Binance.US expects to file its DCM utility in August 2026. From there, reviewers will weigh the alternate in opposition to the CFTC’s 23 core rules, masking system safeguards, record-keeping, and conflict-of-interest controls, a course of that may take months with no assured final result.
If Binance.US clears that bar, it could compete straight with Kalshi and Polymarket, echoing Coinbase’s personal push right into a broader “every little thing alternate” mannequin.
What this implies for you: Should you’re new to crypto, a prediction market is just a strategy to commerce on the result of a real-world occasion, like an election or an financial report, as a substitute of shopping for an asset. Binance.US can’t supply that but, because the CFTC hasn’t accredited its license, so there’s nothing to join or act on till that adjustments.