Blockchain.com files for CFTC FCM and DCM licenses to offer prediction markets in the U.S.

Blockchain.com has applied to the Commodity Futures Trading Commission for licenses to offer prediction markets and cryptocurrency derivatives in the U.S., according to SCCG Management. The Dallas-based cryptocurrency brokerage is seeking both Futures Commission Merchant (FCM) and Designated Contract Market (DCM) licenses; neither application guarantees approval or a U.S. launch.

A domestic route for existing products

According to SCCG Management, the proposed licenses would allow Blockchain.com to handle derivatives trades, hold customer funds and clear transactions for retail and institutional participants. The CFTC oversees yes/no exchanges and treats event contracts as swaps.

Blockchain.com already offers perpetual futures and event contracts in eligible international markets. The applications follow earlier announcements covering self-custodied prediction markets and perpetual futures trading, and represent a step toward making similar products and regulated trading available directly to U.S. customers through the Blockchain.com app.

Scale meets an uncertain approval process

The privately held company operates in more than 70 countries. SCCG Management reports that it has cleared more than $1.1 trillion in cryptocurrency transactions and maintains over 95 million wallets across more than 44 million confirmed accounts. It is also reportedly pursuing a $500 million initial public offering that could put its valuation at $4 billion to $6 billion.

If approved, Blockchain.com would join Coinbase Global, Crypto.com, Gemini and Robinhood Markets among brokers with substantial digital-currency businesses that also facilitate event contracts. SCCG Management describes the prediction-market sector as dominated by a single major operator, making the potential arrival of another large platform a competitive development rather than an established shift in market share.

The timing and result of the CFTC review remain uncertain. For Blockchain.com, the applications outline a path from international product availability to regulated U.S. access, but its existing customer base and transaction volume do not establish whether that expansion will proceed.

What it means for prediction markets

• Applications are not approvals: The filing is a regulatory milestone, not confirmation that U.S. trading is available or that a launch date has been set.
• Potential competition has meaningful scale: Blockchain.com’s international reach and account base could matter if it receives approval, but its domestic market position remains unproven.
• The scope extends beyond event contracts: The applications also cover cryptocurrency derivatives, placing prediction markets within a broader U.S. trading expansion.