Blockchain.com pursues CFTC approval for prediction markets: CNBC
Summary
Blockchain.com has reportedly applied to the CFTC for designated contract market and futures commission merchant licenses, seeking to offer prediction-market event contracts and crypto derivatives to US retail and institutional customers. The approvals would let it operate its own event-contract marketplace, beyond its planned Polymarket integration. The move comes amid legal disputes over whether prediction markets fall under federal or state oversight. Separately, CFTC Chair Michael Selig defended developing crypto rules through agency rulemaking, saying they would add safeguards to spot markets and help prevent customer-fund theft like that associated with FTX. Selig is currently the agency’s only commissioner.
