Blockchain.com seeks U.S. approval for prediction markets, crypto derivatives trading
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018.
Pedro Fiúza | NurPhoto via Getty Images
Blockchain.com, a digital asset platform, wants to get in on the prediction market boom in the U.S.
The company has filed for two licenses with the Commodity Futures Trading Commission to feature event contracts as well as cryptocurrency derivatives to retail and institutional customers in the U.S., Blockchain.com told CNBC.
Blockchain.com is asking the CFTC — the federal regulator for futures and derivatives — to designate it a futures exchange by receiving a designated contract market license. It also asks to be registered as a futures commission merchant, which are brokers for derivatives contracts.
"Users should be able to manage their digital assets, trade derivatives, and take positions on real-world events easily, without jumping between different apps," said Peter Smith, CEO and co-founder of Blockchain.com, in a statement. "Our DCM and FCM applications build toward that future in the U.S. through the appropriate regulatory frameworks."
Blockchain.com earlier this yearcustomers internationally.
Crypto-related companies have increasingly sought to participate in prediction markets, and vice versa. Digital asset exchanges Crypto.com and Gemini Space Station have their own event contract marketplaces, while Coinbase offers them primarily through a partnership with Kalshi. Meanwhile, Kalshi and Polymarket have launched perpetual futures — one of crypto's most popular trading products — for U.S. and international customers, respectively.
Blockchain.com also joins 11 other companies that have filed this year alone to seek approval for DCM licenses. The CFTC has approved six new DCMs in 2026.
The company is also in the midst of a move to the public markets. It confidentially filed for an initial public offering with the Securities and Exchange Commission in May, and Bloomberg reported last month that it was planning to go public this year targeting a valuation between $4 billion to $6 billion.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.