Bitnomial Clearinghouse LLC has been approved by the CFTC to clear fully collateralized swaps, allowing its parent company, Bitnomial, to launch prediction markets and offer clearing services. The prediction market will cover crypto and economic events, expanding Bitnomial’s trading products and services. Bitnomial president Michael Dunn stated the approval strengthens the prediction market ecosystem. Bitnomial Clearinghouse operates as an infrastructure-only clearing provider, providing approved partners access to margin and settlement systems. The recent approval follows a green light to launch a CFTC-regulated spot cryptocurrency trading platform in the US.

Polymarket has gained momentum in the US as prediction markets become a major trend in 2025. Kalshi has generated $5.27 billion in trading volume over the last 30 days, while Polymarket recorded just under $2 billion in the same period. Polymarket received regulatory approval from the CFTC in November to operate an intermediated trading platform. The closure of an investigation in July led by the CFTC and US Department of Justice into Polymarket allowed the platform to continue operating. Polymarket settles contracts on the Polygon blockchain using the USDC stablecoin and has secured partnerships with the UFC, Zuffa boxing, and fantasy sports operator PrizePicks.

Read more at CoinTelegraph: Bitnomial Wins CFTC Approval to Launch Regulated Prediction Markets