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Blockchain.com pursues CFTC approval for prediction markets: CNBC

The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.

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What happened

The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.

Reported details

  • Blockchain.com has applied for DCM and FCM licenses to offer ahead of a planned $500 million IPO.
  • Blockchain.com’s CFTC approval pursuit could reshape US crypto markets, impacting regulatory dynamics and investor confidence amid its IPO plans.
  • TL;DR CFTC Applications: Blockchain.com has applied for a designated contract market license and futures commission merchant registration. Product Expansion: The company already provides prediction markets through Polymarket and perpetual futures through Hyperliquid for non-U.S. users. IPO Preparation: The company is also pursuing a potential public listing after confidentially filing for an IPO and reportedly targeting … Read more

Why this matters

Blockchaincom pursues CFTC approval sits on the regulatory side rather than the structural side: the useful question is which dated rule, if any, follows this notice, and who wrote it. A rule that is not published yet changes nothing about who may act today, so treat the pending text as pending rather than as settled.

Evidence boundary

The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.

What to verify

Before acting on Blockchaincom pursues CFTC approval, read the dated rule text itself rather than a summary of it, and note which agency wrote it and whether the comment period is still open.

Sources and editorial check time

This information is educational and is not financial, legal, or tax advice.

Sources