The exchange plans an August filing to offer regulated prediction markets as part of its broader expansion strategy.
Binance US will apply to the Commodity Futures Trading Commission in August for designated contract market status, enabling it to launch prediction markets. The move marks a strategic shift beyond spot trading as the exchange seeks to rebuild its U.S. operations.
The application follows a period of regulatory scrutiny and operational scaling back. Binance US has emphasized lower trading fees and new product offerings, including perpetual contracts, to attract users. Prediction markets would allow customers to bet on real-world events using cryptocurrency.
No immediate market reaction was reported following the announcement.