Blockchain.com and Binance US Pursue US Entry into Prediction Markets
Major crypto firms seek regulatory approval to offer prediction markets in the US, signaling expansion beyond traditional trading.
Major crypto firms seek regulatory approval to offer prediction markets in the US, signaling expansion beyond traditional trading. This is an original Token Times brief synthesising 2 outlets (The News Crypto, Crypto.news), plus live market data, as of Wed, 21 Oct 2026 15:15:01 UTC.
The entry of major crypto players into prediction markets could reshape the regulatory landscape and expand the use cases of digital assets in the US. This move highlights the growing interest in diversified crypto products beyond trading.
- Binance US and Blockchain.com seek US regulatory approval for prediction markets.
- The applications follow growing interest in diversified crypto product offerings.
- Prediction markets could provide new use cases for digital assets in the US.
Both The News Crypto and Crypto.news report that Binance US and Blockchain.com have applied for US regulatory approval to offer prediction markets, citing a Financial Times report. The outlets agree on the core development but differ slightly in emphasis, with The News Crypto highlighting the broader trend of crypto companies expanding beyond traditional trading while Crypto.news focuses on the specific applications for event contracts.
- Blockchain.com Seeks CFTC Licenses for Crypto Derivatives and Prediction Markets
- Blockchain.com and Binance US Pursue US Entry into Prediction Markets — this brief
Blockchain.com and Binance US are actively pursuing entry into the US prediction market industry, according to multiple reports. Both companies have submitted applications to the US Commodity Futures Trading Commission (CFTC) for approval to offer prediction market services.
The move comes as crypto firms increasingly look to diversify their product offerings beyond traditional digital asset trading. Prediction markets, which allow users to bet on the outcome of future events, represent a new frontier for crypto applications in the US.
The applications by Binance US and Blockchain.com are corroborated by both The News Crypto and Crypto.news, which cite a Financial Times report. While the outlets agree on the basic facts, they differ in their framing: The News Crypto emphasizes the trend of crypto companies expanding their service offerings, while Crypto.news focuses on the specific regulatory aspects of event contracts.
This development follows a broader trend of crypto firms seeking to expand their presence in regulated markets. Prediction markets have gained attention for their potential to provide transparent and decentralized forecasting mechanisms, which could attract both retail and institutional investors.
As of the latest market data, the total crypto market cap stands at $2.87 trillion, with 
Bitcoin up 1.70% in the past 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, is at 63, indicating a 'Greed' level. This positive market sentiment could provide a favorable environment for the expansion of crypto services into new areas like prediction markets.
Blockchain.com and Binance US Pursue US Entry into Predictio — questions & answers
What are prediction markets?
Prediction markets allow users to bet on the outcome of future events, providing a platform for decentralized forecasting.
Why are Binance US and Blockchain.com seeking approval?
They aim to offer prediction market services in the US, diversifying their product offerings beyond traditional trading.
What is the current state of the crypto market?
The total market cap is $2.87 trillion, with Bitcoin up 1.70% in the past 24 hours and the Fear & Greed Index at 63.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The News Crypto, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.