Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives

In short

Blockchain.com has utilized to the CFTC for 2 licenses—a chosen contract market and a futures fee service provider—to supply occasion contracts and crypto derivatives to U.S. retail and institutional clients.
The transfer would convey in-house what it now affords overseas by means of Polymarket and Hyperliquid.
It joins a crowded federal-license rush, because the CFTC asserts authority amid state playing fits and a Supreme Courtroom combat.

Blockchain.com is making a bid to hitch the U.S. prediction-market increase, telling CNBC it has utilized to the Commodity Futures Buying and selling Fee for licenses to supply occasion contracts and cryptocurrency derivatives to American clients.

The crypto platform filed for 2 designations, the corporate informed CNBC: a chosen contract market license, which might let it function as a futures alternate for occasion contracts, and a futures fee service provider license, which might permit it to behave as a dealer for derivatives.

Myriad: When will Polymarket launch its token? Click to make your prediction.

Collectively, the approvals would let Blockchain.com run its personal regulated market serving each retail and institutional merchants within the U.S.

The transfer would convey in-house what the corporate at the moment affords solely by means of companions overseas. Blockchain.com started offering prediction markets to some worldwide clients this 12 months through a partnership with Polymarket, together with perpetual futures powered by the decentralized alternate Hyperliquid.

A CFTC license would let it function its personal event-contract venue relatively than route by means of third events. CEO and co-founder Peter Smith informed CNBC the aim is to let customers handle digital belongings, commerce derivatives and wager on real-world occasions multi function place.

The appliance lands amid a crowded rush towards federally regulated occasion buying and selling. Blockchain.com joins 11 different corporations which have filed for DCM licenses this 12 months, in keeping with CNBC, with the CFTC having authorized six new ones in 2026.

BitcoinBTC · USD

$83,189−2.28%

Oct 4Oct 6Oct 8Oct 9Oct 11

$86.7k$84.7k$82.7k$80.7k

24h ExcessiveExcessive$83,135

24h LowLow$82,713

VolVol$474.2M

Market projectionsOdds by Myriad

→

The enchantment of the federal route is partly jurisdictional: a CFTC license affords cowl from state playing regulators, who’ve sued prediction-market operators together with Kalshi and Polymarket.

The regulatory backdrop is shifting quick, with states battling federal regulators in courtroom over who will get to police such markets.

The CFTC lately sent the White House new rules aimed toward cementing its authority over prediction markets, whereas a courtroom combat over whether or not occasion contracts are federally regulated swaps, pitting the NFL and others against Kalshi, has drawn the Supreme Courtroom’s consideration.

The enchantment of prediction markets for Blockchain.com and others, although, is apparent. Enterprise is booming. Prediction markets are more and more coming into the mainstream and buying and selling volumes have elevated dramatically during the last 12 months.

Analysts at Bernstein have projected the sector may generate billions in income by the top of the last decade in what they predict can be a $10 trillion market.