Binance US will file for a CFTC license next month to offer regulated prediction markets. CEO Steve Gregory outlined the plan at Rare Evo. The move faces an uncertain regulatory path.
Binance US plans to apply for a Designated Contract Market license with the Commodity Futures Trading Commission, a move that would let it offer regulated prediction markets to US customers. The application is expected next month, according to Eleanor Terrett, who reported the news from the Rare Evo blockchain conference.
CEO Steve Gregory told Terrett the exchange wants to expand beyond spot crypto trading. Prediction markets are part of a broader strategy that includes lower fees and new product types like perpetual contracts and event-based contracts.
A DCM license would allow Binance US to list contracts tied to elections, economic data, or sports outcomes. These contracts are similar to those offered by Kalshi and Polymarket, which have faced regulatory pushback.
Last week, a federal court declined to block Wisconsin from enforcing state laws against sports event contracts. The court also rejected attempts by Kalshi and Crypto.com to join the case. The CFTC had sought to intervene on behalf of Kalshi.
The regulatory path for prediction markets remains uncertain. Binance US has not filed its application, and CFTC approval could take months. Gregory did not offer a timeline for launch.
The exchange has not said which specific event contracts it would list.
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