Binance US eyes CFTC license for prediction markets and perpetuals
Regulation & Gov ·
The exchange plans to file with the CFTC in August to become a Designated Contract Market, opening the door to prediction markets and perpetual contracts for US customers.
Binance US intends to submit its application to the Commodity Futures Trading Commission next month, seeking designated contract market status, according to reporting from Eleanor Terrett. The designation, if granted, would let the exchange list regulated derivatives-style products domestically, moving it beyond its current spot-trading business.
Prediction markets are the headline product tied to the filing, but the plan also covers perpetual contracts, according to the same reporting relayed by wublockchain.xyz. A DCM license is the regulatory mechanism that would allow Binance US to offer these instruments under CFTC oversight rather than operating them offshore or through third parties.
The filing is described as part of a broader push by Binance US to rebuild its position in the US market. That strategy reportedly pairs the new product push with lower trading fees, an effort to compete more directly with rivals that already offer expanded derivatives or forecasting products to US users.
The development has been corroborated across multiple accounts, with one describing the plan as confirmed by the exchange's general counsel, though the exact title and attribution vary slightly between reports. All versions agree on the core elements: an August CFTC application, DCM status as the goal, and prediction markets and perpetuals as the intended products.
What remains unclear is whether the CFTC will act on the application on any particular timeline, and what conditions or restrictions might accompany approval. It is also not yet known which specific prediction-market formats or perpetual contract terms Binance US intends to offer, or how the fee changes referenced in its comeback strategy will be structured. Confirmation of the filing itself, once submitted, will be the next concrete milestone to watch.