Blockchain.com, a digital asset platform, is making strides to enter the U.S. prediction markets by filing for two licenses with the Commodity Futures Trading Commission (CFTC). The company aims to offer event contracts and cryptocurrency derivatives to both retail and institutional customers.
To facilitate these offerings, Blockchain.com has requested a designated contract market license to be recognized as a futures exchange, in addition to applying for registration as a futures commission merchant, which functions as brokers for derivatives contracts. CEO Peter Smith emphasized the importance of streamlining the management of digital assets, stating that users should be able to trade derivatives and engage in real-world events without needing to switch between various applications. These applications reflect a commitment to operating within the necessary regulatory frameworks in the U.S.
Earlier this year, Blockchain.com expanded its services internationally by partnering with Polymarket to offer prediction markets and introduced perpetual futures through Hyperliquid. The trend of integrating prediction markets with cryptocurrency platforms has gained momentum, with competitors like Crypto.com and Gemini also launching their own event contract marketplaces. Notably, Coinbase provides similar features primarily through its collaboration with Kalshi.
In this competitive landscape, Blockchain.com aligns itself with 11 other companies that have sought CFTC approval for designated contract market licenses within the current year. The CFTC has already approved six new designated contract markets in 2026. Additionally, Blockchain.com is preparing for a public offering, having confidentially filed with the Securities and Exchange Commission in May, with ambitions for a valuation between $4 billion and $6 billion based on reports.
Why this story matters
Key takeaway
Opposing viewpoint
