Blockchain.com Seeks US CFTC Approval for Prediction Markets and Derivatives
Image: DecryptBlockchain.com has applied to the US Commodity Futures Trading Commission (CFTC) for two licenses to offer prediction markets and crypto derivatives to US retail and institutional customers. The requested registrations are a designated contract market (DCM) license and a futures commission merchant (FCM) license. The company currently offers these products via partners including Polymarket and Hyperliquid. CEO Peter Smith stated the goal is a single platform for digital asset management, derivatives trading and event-based betting. Eleven other firms filed for DCM licenses this year, per CNBC.
Key points
- Blockchain.com applied to the CFTC for DCM and FCM licenses to offer US prediction markets and crypto derivatives.
- The licenses would allow Blockchain.com to serve both US retail and institutional customers with regulated products.
- Blockchain.com currently offers prediction markets and perpetual futures via partners Polymarket and Hyperliquid.
- CEO Peter Smith said the goal is a single platform for digital asset management, derivatives trading and event betting.
Why it matters
A CFTC license would let Blockchain.com operate its own regulated US prediction market and derivatives venue, rather than routing through third-party partners. The move follows a broader industry push for federally regulated event trading products amid shifting regulatory oversight of prediction markets.
What's unclear
The expected timeline for the CFTC to rule on Blockchain.com's license applications is not specified in either report.
Price context · HYPE
At publication
$84.88
Now
$84.21
Change since
−0.79%
7 days · dashed line = publication
Sources · 3 publishers
The Block
Tier 1
Blockchain.com seeks CFTC greenlight for prediction markets, crypto derivatives trading: CNBC
Decrypt
Tier 1
Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives
Coverage timeline
- First reported by CoinGape
- Confirmed by The Block
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
