Blockchain.com Seeks US Approval for Event Contracts and Derivatives
Digital asset platform Blockchain.com applied for licenses to offer event contracts and cryptocurrency derivatives in the United States, CNBC reported Friday (Oct. 9). Blockchain.com told CNBC it filed applications with the Commodity Futures Trading Commission (CFTC) seeking a designated contract market (DCM) license and registration as a futures commission merchant (FCM), according to the…
Blockchain.com has applied for licenses to offer event contracts and cryptocurrency derivatives in the United States. The digital asset platform has filed applications with the Commodity Futures Trading Commission (CFTC) for a designated contract market (DCM) license and registration as a futures commission merchant (FCM), according to CNBC.
The licenses would allow Blockchain.com to run its own regulated event-contract venue, rather than relying on overseas partners. The company already offers some prediction markets internationally.
Blockchain.com is seeking to enter the prediction market in the US, with approval from the CFTC. The company has told CNBC that it wants users to be able to access these services.
Brief written by urgent.news from PYMNTS, Decrypt, Techmeme, CNBC — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
