Bitnomial gains CFTC approval to launch prediction markets in the US
Bitnomial received CFTC approval to clear fully collateralized swaps, enabling it to launch prediction markets covering crypto and economic events.Summary
Bitnomial Clearinghouse LLC has secured approval from the US Commodity Futures Trading Commission (CFTC) to clear fully collateralized swaps. This regulatory green light permits its parent company, Bitnomial, to launch prediction markets focused on crypto and economic events, adding to its existing offerings of Bitcoin and crypto derivatives products like perpetuals, futures, and options.
Bitnomial, based in Chicago, operates as an infrastructure-only clearing provider, offering its margin and settlement systems to external partners. This allows collateral to be converted between US dollars and cryptocurrency. President Michael Dunn stated the approval enables Bitnomial to strengthen the entire prediction market ecosystem by serving both its own exchange and external platforms.
This approval follows a recent green light for Bitnomial to launch a CFTC-regulated spot cryptocurrency trading platform. The broader prediction market sector is seeing significant growth, with platforms like Kalshi and Polymarket recording substantial trading volumes.
(Source：Cointelegraph)