Binance.US, a US-based cryptocurrency exchange, is set to enter the prediction markets space. According to the company's CEO, Binance.US will apply for a license with the Commodity Futures Trading Commission (CFTC) in August.
This license will allow the company to offer prediction markets, a platform where users can bet on the outcome of various events. As a CFTC-licensed entity, Binance.US will be able to provide a regulated and secure environment for users to participate in prediction markets.
This development is based on reporting from CoinTelegraph. The move into prediction markets is a significant expansion of Binance.US's services, and the company's decision to pursue a CFTC license underscores its commitment to regulatory compliance.