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Binance.US Reportedly Plans CFTC License Bid to Launch Prediction Markets
Binance.US will reportedly apply to the Commodity Futures Trading Commission (CFTC) next month for the exchange license it needs to run prediction markets for US customers. CEO Stephen Gregory gave…
Wire content from BeInCrypto
Binance.US will reportedly apply to the Commodity Futures Trading Commission (CFTC) next month for the exchange license it needs to run prediction markets for US customers.
CEO Stephen Gregory gave the timeline on stage at the Rare Evo conference in Las Vegas, journalist Eleanor Terrett reported. No filing has reached the agency yet.
BeInCrypto contacted Binance.US and the exchange declined to comment beyond the CEO’s remarks at Rare Evo.
Why the DCM License Matters
A designated contract market (DCM) is the CFTC’s main license for venues that list futures, options and certain event contracts. Without one, a platform cannot legally sell those products to US traders.
🚨SCOOP: @BinanceUS plans to apply to the @CFTC for a Designated Contract Market (DCM) next month with the goal of offering prediction markets to customers, CEO @Stevie_Satoshi just told me on stage at @RareEvo Conference.
The move is part of the exchange’s broader comeback…
— Eleanor Terrett (@EleanorTerrett) July 29, 2026
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Applicants must satisfy 23 core principles under the Commodity Exchange Act, covering surveillance, financial resources and system safeguards. Reviews frequently stretch across several months.
The bid caps a long repair job. Regulators walked away from the dismissed lawsuit against Binance.US in 2025, freeing the exchange to rebuild its product line.
The Field Is Already Crowded
Trading across CFTC-designated venues passed $25 billion in 2025, and demand for event contracts keeps widening. Exchanges certified roughly 1,600 of them that year, against 131 in 2021.
Kalshi leads that volume, and Polymarket now competes onshore. Gregory would therefore enter a market where Kalshi and Polymarket rivals hold most of the liquidity.
His answer is bundling. Prediction markets sit alongside planned perpetual futures and aggressive fee cuts in the exchange’s move beyond spot trading.
What Comes Next
The CFTC is still rewriting its own rules. It proposed a fresh framework for event contracts on June 10. That comment window closed on July 27.
State regulators remain the harder obstacle. Sports and political contracts have already drawn state lawsuits against prediction markets in multiple jurisdictions.
Approval would hand Binance.US a product its larger US competitors already sell. The August filing is the first checkpoint.
This article originally appeared on BeInCrypto. Read the full article at the source: https://beincrypto.com/binance-us-cftc-prediction-markets/
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