Binance.US CEO Stephen Gregory said the exchange will apply for CFTC contract market designation in August, aiming to offer event-based trading under federal supervision.
Alpha Score of 38 reflects weak overall profile with weak momentum, weak value, poor quality, strong sentiment.
Binance.US intends to apply for a Designated Contract Market license with the Commodity Futures Trading Commission next month, CEO Stephen Gregory said Monday at the Rare Evo conference in Las Vegas. The goal is to offer event-based contracts to retail customers under federal supervision.
Gregory, who also goes by Stevie Satoshi, made the disclosure during an on-stage interview. A company spokesperson later confirmed the remarks. DCM status would allow Binance.US to list futures, options, and event contracts tied to economic data, political outcomes, sports results, and other real-world occurrences.
The prediction markets space has grown quickly. CFTC-regulated platforms Kalshi and Polymarket’s U.S. unit already operate in the space. Gemini secured a comparable license earlier this year. Coinbase has teamed up with Kalshi to deliver event contracts. An approved Binance.US entry would add another competitor to the field.
The planned filing is part of a broader effort by Binance.US to recover ground. The exchange, which operates separately from the global Binance platform, lost a significant share of U.S. trading volume after regulatory actions against the broader organization. Current leadership has focused on lower trading fees and expansion beyond spot crypto trading. Executives have previously discussed retail derivatives, perpetual contracts, and event-linked products as ways to rebuild user interest and liquidity.
CFTC rules for a Designated Contract Market require adherence to core principles covering market surveillance, investor protections, financial resources, record-keeping, system safeguards, and conflict-of-interest controls. As of the conference, no Binance.US application had appeared on the agency’s public list of pending DCM submissions, matching the indicated August timeline. Approval is not guaranteed, and no launch schedule for any new products has been shared.
The CFTC has not commented on the prospective filing.
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