Binance.US is preparing to apply for a Commodity Futures Trading Commission (CFTC) license that would allow the cryptocurrency exchange to enter the U.S. prediction market sector with regulated event contracts.

The company’s Chief Executive Officer Stephen Gregory reportedly confirmed the planned application during the Rare Evo Blockchain AI Conference in Las Vegas. The exchange intends to seek a Designated Contract Market (DCM) license in August, a regulatory approval required for operating a derivatives exchange in the United States.

A successful application would allow Binance.US to offer event-based contracts under CFTC supervision, expanding its services beyond traditional spot cryptocurrency trading. The move follows the company’s previously announced plans to pursue additional products, including derivatives, perpetual futures and prediction markets.

Binance.US Expands Beyond Crypto Trading

The potential entry into prediction markets forms part of Binance.US’ broader effort to rebuild its position in the U.S. market following previous regulatory difficulties. The exchange has identified lower trading fees, improved liquidity and new financial products as key areas for future growth.

Gregory previously outlined ambitions for Binance.US to recover market share after the company lost ground among American cryptocurrency users. Before regulatory challenges affected its operations, the exchange was estimated to have held around 20% of U.S. crypto trading activity.

A DCM license would place Binance.US among a growing number of companies seeking regulated access to prediction markets. 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 allows U.S. users to access event contracts.

The expansion comes as prediction markets attract interest from both crypto companies and traditional financial platforms. Binance’s global business introduced prediction markets through an integration with Predict.fun on the BNB Smart Chain, while U.S.-based firms continue seeking regulatory approval for similar offerings.

Prediction Markets Draw Attention From Financial Platforms

Growing activity in event contracts has encouraged major trading companies to examine the sector. Robinhood’s recent financial results highlighted the increasing importance of prediction markets within its business.

According to Crypto News, the brokerage reported $156 million in event contract revenue during the second quarter, with customers trading more than 13.6 billion event contracts during the period. The company said event contracts became its fastest-growing source of transaction-based revenue.

Other figures show the rapid expansion of prediction market activity. Decentralized prediction market platforms recorded significant trading volumes during major global events, with volume reaching $46 billion in June and approaching $50 billion in July.

Robinhood also reported that event contracts accounted for 20% of its total transaction revenue during the second quarter. The company recorded $13.9 billion in event contract volume during the period, while revenue from the segment exceeded combined revenue from equities and cryptocurrency trading.

For Binance.US, entering the prediction market sector could provide another source of revenue as competition increases among exchanges and brokerage platforms.

Regulatory Disputes Continue Across U.S. States

A federal license would allow Binance.US to operate under CFTC oversight, but legal uncertainty surrounding prediction markets remains.

Several states have argued that sports-related event contracts fall under state gambling regulations, even when offered by platforms registered with federal financial regulators. Courts have issued different rulings in disputes involving prediction market operators, creating uncertainty over which authority has jurisdiction.

A recent Wisconsin court decision allowed state enforcement efforts against platforms, including Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, to continue after a judge rejected the CFTC’s request for a preliminary injunction. The CFTC has said it plans to appeal the decision.

Other legal cases have produced different outcomes. Minnesota temporarily blocked enforcement of its prediction market ban, while courts in New York, Michigan and Washington have issued decisions supporting state efforts involving certain operators.

The CFTC is also reviewing proposed changes to Rule 40.11, which would create a process for reviewing event contracts connected to areas such as gaming, war, terrorism and unlawful activity. The proposal has received feedback from industry participants, legal experts, sports organizations and state officials.

The National Football League has called for additional safeguards around sports prediction markets, including stronger integrity measures and longer review periods before contracts become available. Meanwhile, Major League Baseball and the National Hockey League have entered partnerships with prediction market platforms.