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Binance.US Wants to Join Prediction Markets Race With CFTC Stamp
['Olga Kharif', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
(Bloomberg) -- Binance.US is planning to apply for a license with the Commodity Futures Trading Commission that would help it start its own prediction market, the company's chief executive officer said at a conference on Wednesday.
Prediction markets have soared in popularity with two key platforms, Kalshi Inc. and Polymarket, gaining more traction during the World Cup and through sometimes-controversial bets about global events.
Binance.US is just the latest exchange to dive into prediction markets.
Gemini Space Station Inc. obtained a CFTC license for the same thing earlier this year, while Coinbase Global Inc. has partnered with Kalshi.
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