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Bitnomial wins U.S. regulator's nod on prediction markets push, joins growing crowd
Yahoo Finance· 2026-01-08 21:37
Core Insights - Bitnomial has received approval from the Commodity Futures Trading Commission (CFTC) to launch a prediction-markets service for U.S. customers, allowing it to proceed with contracts focused on cryptocurrencies and economic outcomes [1] - The CFTC's "no-action letter" indicates that Bitnomial's new offering is compliant and safe to operate, following similar approvals for other prediction market ventures [1] - The approval marks a continuation of Bitnomial's regulatory progress, having previously become the first agency-regulated firm to offer leveraged spot crypto transactions under former CFTC Chairman Caroline Pham [3] Company Operations - Bitnomial's transactions will be cleared through Bitnomial Clearinghouse, LLC, providing participants exposure to various outcomes, including token price movements and macroeconomic indicators [2] - The integration across Bitnomial's product suite is designed to enable traders to more effectively offset risk [2] Regulatory Context - The recent approval is a non-binding, staff-level endorsement under the tenure of newly confirmed CFTC Chairman Mike Selig, following a series of approvals for other prediction market operations [3]