Blockchain.com seeks CFTC approval to offer event contracts and cryptocurrency derivatives in the US; it already offers some prediction markets internationally (Davis Giangiulio/CNBC)

Blockchain.com has applied for approval from the US Commodity Futures Trading Commission (CFTC) to offer event contracts and cryptocurrency derivatives in the US. According to Cointelegraph, the company has filed for two licenses, a designated contract market (DCM) license and a futures commission merchant (FCM) registration.

These licenses would allow Blockchain.com to operate as a futures exchange for event contracts and a broker for derivatives contracts, respectively. The company already offers some prediction markets internationally and has announced plans to partner with Polymarket for a prediction markets integration on its app.

The CFTC license would enable Blockchain.com to offer its own marketplace with event contracts. The issue of oversight and enforcement of prediction market platforms is currently being contested in US courts, with several state-level authorities having lawsuits pending against companies for alleged violations of laws.

Brief written by urgent.news from Techmeme, Cointelegraph, Quartz, CNBC — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.