Blockchain.com Becomes Latest Crypto Major to Enter U.S. Prediction Markets

Blockchain.com is the latest big name from the world of cryptocurrency brokerage houses looking to try its hand in the U.S. prediction market industry. The Dallas-based company announced today it has filed applications for Futures Commission Merchant (FCM) and Designated Contract Market (DCM) licenses with the Commodity Futures Trading Commission (CFTC) — the federal regulator overseeing yes/no exchanges operating in this country. FCM permits, which are obtained through the National Futures Association (NFA), are essential for exchange operators because those licenses allow holders to process derivatives-based trades and custody client funds.