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Binance.US says it plans to seek federal approval to enter the US prediction markets sector, a move that could eventually let the crypto exchange offer regulated event contracts alongside its existing products.
According to the source report, Chief Executive Officer Stephen Gregory confirmed at a Las Vegas conference that Binance.US intends to apply in August for a Commodity Futures Trading Commission Designated Contract Market license. That license is required to operate a derivatives exchange in the United States. If approved, Binance.US would be able to offer event-based contracts under CFTC supervision.
The application would mark another step in Binance.US’ effort to expand beyond spot crypto trading. The company has previously outlined plans involving derivatives, perpetual futures and prediction markets as it tries to rebuild its position in the US market after earlier regulatory setbacks.
For players and market watchers, the main takeaway is that this is still a licensing step, not a launch. The open questions are whether Binance.US files in August as planned, whether the CFTC approves the application, and what products the exchange would choose to introduce first if it clears the process.
Binance.US would be entering a market that has drawn growing interest from both crypto firms and mainstream financial platforms. The source report notes that Kalshi and Polymarket US already operate in the sector, while Gemini received CFTC approval earlier in 2026. Coinbase has also entered the space through a partnership with Kalshi that gives US users access to event contracts.
The backdrop is a fast-growing but unsettled market. Robinhood reported $156 million in second-quarter event contract revenue and said the category had become its fastest-growing source of transaction-based revenue. The source also cited decentralized prediction market volume of $46 billion in June and close to $50 billion in July.
At the same time, the legal framework remains contested. States have argued that sports-related event contracts can fall under state gambling laws even when offered by platforms registered with federal financial regulators. The report says a Wisconsin court allowed state enforcement efforts against platforms including Kalshi, Polymarket, Crypto.com, Robinhood and Coinbase to continue after rejecting the CFTC’s request for a preliminary injunction. The CFTC plans to appeal that decision.
The regulator is also reviewing proposed changes to Rule 40.11, which would create a process for reviewing event contracts tied to gaming, war, terrorism and unlawful activity. That review could shape how future prediction market products, including any Binance.US offering, are evaluated in the US.
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Source: As reported by news.worldcasinodirectory.com.
