Binance.US plans to enter prediction markets, allowing users to bet on future events. Its CEO confirmed the company will seek a license from the CFTC, the US financial regulator, in August to offer this new service.
Binance.US, the American branch of the global crypto exchange, is preparing to offer prediction markets to its users. These markets allow people to bet on the outcome of future real-world events. The company’s CEO announced that Binance.US will apply for a license from the Commodity Futures Trading Commission (CFTC) in August. The CFTC is a key US financial regulator that oversees futures and options markets. Gaining this approval is a crucial step for Binance.US to legally provide these new trading opportunities.
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