3 weeks ago
Blockchain.com is seeking regulatory support to motorboat prediction markets and cryptocurrency derivatives trading successful the United States, per a report, joining a increasing fig of integer plus companies looking to capitalize connected the booming marketplace for event-based contracts.
Key Takeaways
- Blockchain.com seeks CFTC support to connection prediction markets and crypto derivatives trading successful the U.S., per a CNBC report.
- The institution joins Coinbase, Crypto.com, and others expanding into prediction markets, pursuing the pb of marketplace giants similar Kalshi and Polymarket.
- Regulatory uncertainty persists amid national and authorities disputes implicit prediction markets, peculiarly sports-related contracts.
The cryptocurrency wallet and trading level has applied for 2 licenses from the Commodity Futures Trading Commission (CFTC), which would let it to service some retail and organization customers, according to a Friday study from CNBC.
Blockchain.com is seeking designation arsenic a designated declaration marketplace (DCM), allowing it to run a regulated futures exchange, arsenic good arsenic registration arsenic a futures committee merchant (FCM), enabling it to supply brokerage services for derivatives contracts.
The institution already offers prediction markets done a concern with Polymarket and perpetual futures trading powered by Hyperliquid to prime planetary customers. Both services debuted earlier this year.
CEO and co-founder Peter Smith said the institution wants to bring those services unneurotic successful a azygous platform, allowing customers to negociate cryptocurrency holdings alongside derivatives and wagers connected real-world events.
“Users should beryllium capable to negociate their integer assets, commercialized derivatives, and instrumentality positions connected real-world events easily, without jumping betwixt antithetic apps,” Smith told the publication. “Our DCM and FCM applications physique toward that aboriginal successful the U.S. done the due regulatory frameworks.”
Broader Licensing Push
Blockchain.com joins 11 different companies that person applied for DCM licenses this year, according to the report. The CFTC has approved six caller exchanges successful 2026, reflecting increasing involvement successful federally regulated prediction markets.
The applications travel arsenic companies including Coinbase and Crypto.com grow into event-based trading, challenging established prediction marketplace operators specified arsenic Kalshi and Polymarket.
However, regulatory uncertainty remains. The CFTC has asserted national authorization implicit lawsuit contracts, portion authorities regulators reason that definite offerings, peculiarly sports-related contracts, interruption authorities gambling laws. Conflicting tribunal decisions person near the jurisdictional quality unresolved.
Blockchain.com’s regulatory propulsion besides comes amid its preparations for a imaginable nationalist listing. The institution filed confidentially for an archetypal nationalist offering successful May, Bloomberg precocious reported, seeking a valuation betwixt $4 cardinal and $6 billion. No timetable has been announced for the offering oregon the company’s projected U.S. prediction markets launch.
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