Blockchain.com seeks CFTC licenses to enter a booming prediction market caught in a federal-state fight
Blockchain.com filed for U.S. CFTC licenses that would let it offer prediction markets and crypto derivatives, including DCM and FCM registrations. The latest coverage adds that the company wants to combine derivatives and prediction markets in one app, and that several other exchange applications are still pending at the CFTC. One report also places the filing against the backdrop of a planned $500 million IPO and ongoing court fights over prediction markets.
What this rests on
What it means
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Users and clients who would trade through Blockchain.com would notice a shift from an unapproved setup to a plan for regulated U.S. event-contract and derivatives access. That change is tied to a filing for DCM and FCM registrations, which would be the route for serving retail and institutional customers in the U.S. once approved.
In practice, the filing points to a single app that would combine derivatives and prediction markets, while the current setup for some products remains outside the U.S. for non-U.S. users. What stays the same for now is that the applications are still under review and other exchange applications are still pending at the CFTC.
Market reaction
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 18 days ago | White House blames Democrats for Crypto Clarity Act’s Senate failure event | 2 actors in common · 8 news media |
| 19 days ago | How Crypto Stopped Waiting for Congress and Learned to Love the Regulators event | 2 actors in common · 3 news media |
| 9 days ago | French Hill says agency crypto rules cannot replace CLARITY Act event | 1 actors in common · 2 news media |
| 9 days ago | House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill event | 1 actors in common · 6 news media |
| 9 days ago | CFTC Chairman Selig endorses mass tokenization to transform markets event | 1 actors in common · 2 news media |
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