Blockchain.com applies for CFTC approvals to launch U.S. crypto derivatives and prediction markets
Blockchain.com has applied for a designated contract market license and a futures commission merchant registration from the CFTC. The approvals would allow the digital asset platform to offer prediction markets and crypto derivatives in the United States.
Blockchain.com has submitted applications to the Commodity Futures Trading Commission for two distinct approvals. One is a designated contract market license; the other is a futures commission merchant registration.
Together, these approvals would permit the digital asset platform to provide prediction markets and crypto derivatives within the United States. The company currently does not have those permissions, according to the available information.
If approved, Blockchain.com's entry could expand how U.S. users access crypto-linked derivatives and event-based prediction contracts. This may affect retail traders, institutional participants, and existing exchanges by increasing competition and choice, while regulators could face added oversight demands. The societal impact may depend on safeguards, transparency, and how these products are marketed, since speculative trading can carry financial risk for individuals.