Binance.US CEO Stephen Gregory announced the exchange will apply for a CFTC Designated Contract Market license next month to launch prediction markets, joining competitors Gemini, Coinbase, Robinhood, Kalshi and Polymarket in the space.
Morgan Stanley began offering cryptocurrency trading through its E*TRADE platform at 0.5% transaction fees, undercutting competitors like Coinbase, Robinhood, and Schwab in a move that intensifies pricing competition among traditional finance firms entering crypto.
Wisconsin Department of Justice filed lawsuit against five prediction market platforms, alleging their sports event contracts violate state gambling laws, citing platform language as evidence of gambling rather than investing.