Binance.US to Challenge Kalshi, Polymarket with CFTC-Licensed Prediction Markets

Binance.US has announced ambitious plans to enter the prediction markets sector, seeking a CFTC license as a Designated Contract Market (DCM). The exchange's CEO, Steve Gregory, revealed that the company will submit its application in August, aiming to offer innovative prediction market services to US users.
This strategic move positions Binance.US as a potential direct competitor to established platforms like Kalshi and Polymarket in the burgeoning prediction market landscape. As a licensed DCM, the exchange will be able to trade futures or options contracts based on commodities, indices, or financial instruments, provided it complies with the CFTC's 23 core principles, including system safeguards and conflict of interest management.
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