Binance.US plans to apply for a CFTC designated contract market license next month, entering a crowded prediction market field as state regulators push back.
Alpha Score of 38 reflects weak overall profile with weak momentum, weak value, poor quality, strong sentiment.
Binance.US plans to apply next month for a designated contract market license from the Commodity Futures Trading Commission. The license would let the exchange run its own prediction market, CEO Stephen Gregory disclosed Wednesday during an on-stage interview at the Rare Evo conference in Las Vegas.
A DCM is the core CFTC authorization for a federally regulated exchange to list futures, options and event-based contracts. Applicants must comply with 23 core principles covering market surveillance, recordkeeping, customer protection, financial resources, conflicts of interest and safeguards against manipulation.
The field is already crowded. Gemini secured a CFTC license for prediction markets earlier this year. Coinbase partnered with Kalshi, and Robinhood built Rothera, a CFTC-licensed exchange and clearinghouse it runs as a joint venture with Susquehanna International Group. Kalshi and Polymarket’s US arm remain the volume leaders.
The category’s legal foundation remains contested. More than a dozen state regulators argue that sports-linked event contracts are gambling products subject to state licensing. The CFTC maintains exclusive federal jurisdiction over event contracts traded on registered exchanges. The agency has sued nine states, including Arizona, New York and Illinois, and last month proposed its first formal rule for vetting event contracts.
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