Binance.US plans to apply for a CFTC license to offer prediction markets in the U.S. The move follows the dismissal of prior regulatory actions and targets a segment where volume topped $25 billion in 2025.
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Binance.US is preparing to apply for a CFTC license to operate as a Designated Contract Market, a move that would let it offer prediction markets to U.S. customers. Stephen Gregory, the exchange's director, announced the plan during a live presentation at the Rare Evo conference in Las Vegas on Wednesday. Journalist Eleanor Terrett, who reported the news, said the company has not yet submitted the required documents to the regulator.
The DCM permit is the primary authorization from the Commodity Futures Trading Commission for trading venues listing futures, options, and event-based derivatives. Without that designation, no platform can legally offer those instruments to U.S. investors. Applicants must satisfy 23 core principles under the Commodity Exchange Act covering market surveillance, financial resource adequacy, operational neutrality, and IT system safeguards. Industry data show application reviews typically extend across several months.
Binance.US's pursuit of the license is part of a broader effort to re-establish its presence in the United States after previous regulatory legal actions were dismissed during 2025. The exchange has focused on rebuilding its service catalog for U.S. customers. Company representatives declined to provide additional comments after Gregory's initial statements.
The event-based derivatives segment has grown rapidly. Trading volume on CFTC-authorized platforms surpassed $25 billion in 2025. During that same period, exchanges certified an estimated 1,600 event contracts, up sharply from 131 in 2021.
Liquidity in this market is concentrated among a few players. Kalshi leads brokerage volumes in the U.S., while Polymarket also operates domestically. Binance.US would compete directly with platforms that handle most of the capital flow in this segment, according to sector reports.
To tackle that competition, Binance.US management proposed a product bundling model. The exchange plans to integrate prediction markets alongside planned perpetual futures and an aggressive fee reduction structure. The strategy aims to attract users looking to expand beyond spot trading, market analysts said.
The federal regulatory framework for derivatives is under technical revision. The CFTC presented a proposal to restructure rules for event contracts on June 10, 2026. The public comment period closed on July 27.
At the state level, prediction platforms face additional friction. Various state entities have filed lawsuits against event market operators, focusing on contracts tied to sports and election outcomes. Those lawsuits represent a persistent obstacle to operational expansion, legal reports said.
Securing the DCM license would give Binance.US operational parity with established competitors in the U.S. derivatives space. The formal application is expected in August.
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