Blockchain.com Seeks US Approval for Event Markets and Derivatives
Blockchain.com filed for two CFTC registrations to offer US event contracts and crypto derivatives, a move that could bring both products onto its platform.
Blockchain.com said on October 13 that it filed for two registrations with the US Commodity Futures Trading Commission (CFTC), seeking approval to offer prediction markets and crypto derivatives to US customers. The applications would let the company run an event-contract exchange and serve as a broker for derivatives if approved, according to the company’s announcement on PR Newswire.
Prediction markets let people trade contracts tied to whether an event happens. Derivatives are financial products whose value tracks another asset or outcome. Blockchain.com says it wants to offer futures and options on crypto, as well as event contracts, through its platform.
What registrations is Blockchain.com seeking?
The company applied to become a designated contract market (DCM) and a futures commission merchant (FCM). A DCM is an exchange that lists contracts for trading. An FCM handles customer trades in futures and other derivatives.
Together, the registrations could allow Blockchain.com to operate a US venue for event contracts and crypto derivatives, serving retail and institutional customers. The company says it aims to bring those markets into one app, where customers could manage digital assets and trade contracts.
Blockchain.com has offered prediction markets and perpetual futures to users in eligible markets outside the US. Decrypt reported that its international prediction markets use a partnership with Polymarket, while Hyperliquid powers its perpetual futures. The new applications seek to bring similar products to US users under CFTC oversight.
What happens if the CFTC approves the applications?
Approval would allow Blockchain.com to offer the products in the US, but the company has not announced a launch date or detailed which contracts it would list. Its announcement says the registrations would cover crypto futures and options alongside event contracts.
The filing also does not mean the products are available now. The company said the applications are a step toward bringing them to US users. The CFTC has yet to approve them, and the announcement gives no timetable for a decision.
References
- company’s announcement on PR Newswire — prnewswire.com
- Decrypt reported — decrypt.co