Blockchain.com pursues CFTC approval for prediction markets: CNBC
60-second summary
Blockchain.com seeks CFTC approval by filing applications for two commodities‑derivatives licenses as U.S. courts consider landmark prediction‑market cases, signaling the firm’s intent to legitimize its betting‑style products. The move could unlock regulated access to price‑discovery tools, attract institutional traders, and pressure competitors to pursue similar approvals, potentially expanding the regulated crypto‑derivatives market.
The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.