Binance.US Aims for CFTC License to Enter US Prediction Market
Binance.US is reportedly planning to apply in August 2026 to the Commodity Futures Trading Commission (CFTC) for a designated contract market license, which would allow it to launch prediction markets for U.S. customers. CEO Stephen Gregory mentioned this during his speech at the Rare Evo conference in Las Vegas. The DCM license is essential as it enables platforms to legally offer futures and event contracts within the United States. The CFTC process involves meeting 23 core principles under the Commodity Exchange Act, including surveillance requirements and financial safeguards. Approval could take several months. Binance.US has been rebuilding its product line after a dismissed lawsuit in early 2025 cleared regulatory hurdles for it to expand offerings beyond spot trading. The prediction market is already competitive with platforms like Kalshi and Polymarket dominating liquidity, but Gregory plans to differentiate by bundling products such as perpetual futures alongside prediction markets. However, state-level legal challenges remain a potential obstacle.
Topics: Binance.US expansion CFTC licensing prediction markets