Binance.US plans to apply for a U.S. Commodity Futures Trading Commission (CFTC) Designated Contract Market (DCM) license next month, marking a major step in its expansion beyond spot crypto trading.
CEO Stephen Gregory reportedly announced the move at RareEvo, saying the exchange aims to launch regulated prediction markets as part of its broader comeback strategy centered on lower fees, perpetuals, and new trading products.
Binance.US Targets CFTC Approval for Prediction Markets
Binance.US is preparing to apply for Designated Contract Market (DCM) status with the CFTC next month, a move that would pave the way for the exchange to offer regulated prediction markets in the United States.
CEO Stephen Gregory, known online as Stevie_Satoshi, revealed the plan during an on-stage conversation with journalist Eleanor Terrett at the RareEvo conference.
The announcement represents another milestone in Binance.US’s efforts to rebuild its U.S. business following years of regulatory challenges and reduced product offerings.
A Bigger Comeback Strategy Takes Shape
Prediction markets are only one part of Binance.US’s broader strategy.
According to Gregory, the exchange is also focused on reducing trading fees and expanding beyond traditional spot markets into products such as perpetual contracts. The goal is to attract more traders while competing more directly with U.S. crypto exchanges offering a wider range of regulated products.
A DCM designation is the regulatory framework that allows exchanges to list futures, options, and certain event contracts under CFTC oversight. Obtaining the license would place Binance.US among platforms pursuing regulated prediction markets as demand for event-based trading continues to grow.
Why Investors Are Watching
The announcement comes as prediction markets gain increasing attention across financial markets, with traders using event contracts to hedge risk and express views on elections, economic data, sports, and other outcomes.
For Binance.US, securing a DCM license could significantly expand its product lineup while reinforcing its regulatory credentials in the United States.
However, the company has not yet submitted its application, and any approval process could take months. CFTC review timelines vary, and there is no guarantee the application will be approved.
What’s Next?
Investors will now watch for Binance.US’s formal CFTC filing, expected next month. Any updates on the application process, regulatory feedback, or future product launches could shape the exchange’s next phase of growth and influence competition in the rapidly evolving U.S. prediction markets sector.
Binance.US did not immediately respond to BeInCrypto’s request for comment.
Source: BeInCrypto
