Blockchain.com pursues CFTC approval for prediction markets: CNBC - TradingView

Blockchain.com is reportedly seeking approval from the U.S. Commodity Futures Trading Commission to offer prediction markets, according to CNBC. The move would place the crypto exchange and wallet provider into a segment of derivatives tied to the outcome of future events, rather than conventional spot or perpetual crypto trading.

Prediction markets let participants take positions on whether a specific event will occur, with contract prices often reflecting the market's implied probability. In the U.S., such products fall under CFTC oversight because they are structured as event contracts, and the agency has scrutinized which underlying events are permissible. Approval would therefore signal how regulators view event-based derivatives offered through crypto-native platforms.

For market observers, the key points to watch are whether the CFTC formally grants or rejects the application and what contract categories would be allowed. A green light could widen the range of regulated, event-driven products available to crypto users; a rejection would reinforce existing limits. Either outcome offers a useful gauge of the regulatory boundary between crypto platforms and derivatives markets.