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Blockchain.com Seeks CFTC Approval to Launch US Prediction Markets

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Cryptocurrency platform Blockchain.com has begun regulatory applications with the U.S. Commodity Futures Trading Commission to bring derivatives and prediction markets to U.S. customers. The filings seek designated contract market approval and futures commission merchant registration, which would allow American users to trade event-based contracts and financial derivatives.

The application reflects a broader push to allow users to manage digital assets, trade derivatives, and take positions on real-world outcomes within a single application. Outside the U.S., the company already offers prediction markets integrated with Polymarket alongside perpetual futures trading through Hyperliquid (BINANCE:HYPEUSDT.P). Additionally, Blockchain.com partnered with the New York Stock Exchange in September to enable trading in tokenized U.S. stocks and exchange-traded funds.

These expanding product offerings come as the platform prepares to enter public equity markets. Blockchain.com submitted a confidential filing for an initial public offering in May, targeting a valuation between $4 billion and $6 billion while aiming to raise roughly $500 million before the end of the year.

Key points

  • Blockchain.com filed with the CFTC for DCM approval and FCM registration to offer U.S. prediction markets and derivatives.
  • The company currently provides international users with prediction contracts and perpetual futures via Hyperliquid.
  • A September agreement with the NYSE paves the way for trading tokenized U.S. stocks and ETFs on a digital platform.
  • Blockchain.com is pursuing a public listing to raise around $500 million at a valuation of $4 billion to $6 billion.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What U.S. regulatory approvals is Blockchain.com seeking?

Blockchain.com has applied to the U.S. Commodity Futures Trading Commission for designated contract market approval and futures commission merchant registration to offer prediction markets and derivatives to American users.

Is Blockchain.com planning an initial public offering?

Yes, Blockchain.com filed confidentially for an initial public offering in May, targeting a completion date this year to raise about $500 million at a valuation between $4 billion and $6 billion.

What tokenized assets is Blockchain.com working to offer?

Following a September agreement with the New York Stock Exchange, Blockchain.com is preparing a service allowing users to trade tokenized U.S. stocks and exchange-traded funds via the exchange's digital platform.