Blockchain.com Applies for Two CFTC Licences for Prediction Markets and Derivatives

Blockchain.com has applied for two separate licences from the Commodity Futures Trading Commission, one covering prediction markets and the other covering derivatives products. The dual application reflects the company's strategy to expand into regulated event contracts while maintaining its existing derivatives offering.

The prediction market licence would allow Blockchain.com to offer event contracts to US customers through a regulated venue. The derivatives licence would support the company's futures and options products, which have been growing in volume.

The CFTC has been reviewing a wave of applications from crypto platforms seeking to enter the prediction market space. The regulatory framework for event contracts is still being defined, and the outcome of these applications will shape the market for years to come.

Blockchain.com has stated that it is committed to building a compliant and transparent platform that meets the CFTC's requirements for market surveillance, reporting and consumer protection.

The company has not provided a timeline for when the licences might be granted. The application process typically involves multiple rounds of review and can take several months to complete.

If approved, the licences would position Blockchain.com as one of the few crypto-native platforms with a foothold in both the prediction market and regulated derivatives sectors in the United States.