Blockchain.com and Binance US Pursue US Entry into Prediction Markets
Two major crypto firms seek regulatory approval to offer prediction markets in the US.
Two major crypto firms seek regulatory approval to offer prediction markets in the US. This is an original TLT brief synthesising 2 outlets (The News Crypto, Crypto.news), plus live market data, as of Wed, 21 Oct 2026 15:15:02 UTC.
The entry of major crypto players into prediction markets could expand the use cases of digital assets while facing significant regulatory scrutiny. This development highlights the growing interest in alternative financial products beyond traditional trading.
- Blockchain.com and Binance US are seeking US regulatory approval for prediction markets.
- The move aims to tap into the growing demand for event-based betting and financial contracts.
- The applications come amid increasing regulatory scrutiny of crypto-related activities in the US.
Both The News Crypto and Crypto.news report that Blockchain.com and Binance US have applied for US regulatory approval to offer prediction markets, citing a Financial Times report. The outlets agree that Binance US's application was submitted to the CFTC, though The News Crypto provides more direct attribution to the Financial Times report. Crypto.news emphasizes the companies' interest in event contracts, suggesting a focus on betting-style products, while The News Crypto frames the development as part of a broader trend of crypto firms expanding beyond traditional trading.
- Blockchain.com Seeks CFTC Approval for U.S. Crypto Derivatives and Prediction Markets
- Blockchain.com and Binance US Pursue US Entry into Prediction Markets — this brief
Blockchain.com and Binance US are pursuing entry into the US prediction markets sector, according to multiple reports. Both companies have reportedly submitted applications to US regulators to offer event-based betting and financial contracts.
The Financial Times first reported on Binance US's application to the Commodity Futures Trading Commission (CFTC), with Crypto.news adding that the move aims to tap into the growing demand for prediction markets. This development indicates a strategic shift for these companies as they seek to diversify their product offerings beyond conventional cryptocurrency trading.
The applications come at a time when the US regulatory environment for crypto-related activities is becoming increasingly stringent. The CFTC, along with other agencies, has been scrutinizing various aspects of the crypto industry, including trading platforms and financial products. The outcome of these applications could set important precedents for similar services in the future.
Prediction markets, which allow users to bet on the outcomes of future events, have gained traction as a way to hedge risks and speculate on various outcomes. The entry of established crypto firms like Blockchain.com and Binance US could bring more legitimacy and liquidity to this sector.
In the broader market context, the total cryptocurrency market cap stands at $2.87 trillion, with 
Bitcoin leading the charge at a 24-hour gain of 1.67%. The overall market sentiment, as indicated by the Fear & Greed Index, is at 63, reflecting a 'Greed' sentiment. This positive market environment may provide a favorable backdrop for the expansion of crypto services into new areas.
Blockchain.com and Binance US Pursue US Entry into Predictio — questions & answers
What are prediction markets?
Prediction markets allow users to bet on the outcomes of future events, such as elections or sports results.
Why are Blockchain.com and Binance US seeking approval?
They aim to offer prediction markets in the US, expanding their product offerings beyond traditional trading.
What is the current market sentiment?
The Fear & Greed Index is at 63, indicating a 'Greed' sentiment in the market.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The News Crypto, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.