Blockchain.com seeks CFTC approval for prediction markets, crypto derivatives

Blockchain.com is pursuing two licenses from the CFTC to offer prediction markets and crypto derivatives. This strategic move comes as US courts evaluate prediction markets cases and the company prepares for its IPO. If approved, this regulatory pursuit could significantly reshape US crypto markets, influencing investor confidence and overall regulatory dynamics. The company's application aims to integrate these financial instruments within the legal framework of the US commodities regulatory body to expand its service offerings.