Binance.US to attempt prediction markets entry as CFTC-licensed entity, says CEO
CoinTelegraph·
60-second summary
Binance.US is moving to enter the prediction markets space as a CFTC-licensed entity, according to its CEO, with an August application for a license in process. This development would enable the exchange to offer prediction markets to users, expanding its services beyond traditional trading. Market implications include a potential increase in user engagement and revenue for Binance.US.
The CEO of the US crypto exchange said that the company would apply for a license with the CFTC in August allowing it to offer prediction markets.