POPA ReconBinance US Plans a CFTC Bid for Prediction Markets
Binance US Plans a CFTC Bid for Prediction Markets Binance US plans to apply next month to become a CFTC-regulated exchange, a Designated Contract Market (DCM), so it can legally offer prediction markets to US users. CEO Steve Gregory unveiled the plan onstage this week. A DCM is a federal license to run a regulated venue for futures and event contracts. It would let Binance US list prediction markets itself, instead of leaning on an outside partner the way some rivals do. The move extends the exchange's comeback after the SEC dropped its long-running lawsuit against Binance. It steps into…
The excerpt is quoted from a public Telegram channel, which owns its text.