Binance US Plans CFTC Filing to Launch Prediction Markets

Binance US plans to apply to the U.S. Commodity Futures Trading Commission (CFTC) in August for designated contract market status as it seeks to launch prediction markets for customers, crypto journalist Eleanor Terrett reported.

According to the report, the regulatory filing is part of the exchange’s broader turnaround strategy. In addition to lowering trading fees, Binance US is expanding beyond spot cryptocurrency trading by developing new offerings, including perpetual contracts and prediction markets.

Source: Eleanor Terrett