Prediction Markets

Binance's US division and Blockchain.com have submitted applications to the CFTC for licenses to launch regulated prediction markets and related derivatives for US clients.

Tarek Mansour warned about the potential forcing of prediction markets offshore under government control at the DC Fintech Week event.

CFTC proposes a new rule that expands the definition of swaps to include event contracts, such as sports. This is a step towards asserting influence over prediction markets.

Raven raised $90 million from CMCC Global and Coinbase Ventures for liquidity in prediction markets.

Yahoo Finance has ended its partnership with Polymarket following the closure of the prediction markets hub. The predictive markets volume is expected to reach $1 trillion by 2030.