Bitnomial receives CFTC approval to launch prediction market

Chicago-based derivatives exchange and clearinghouse Bitnomial has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch a prediction market, Cointelegraph reported. The company plans to offer contracts for betting on cryptocurrency prices, including BTC, and macroeconomic data, in addition to its existing crypto derivatives products. Bitnomial previously announced plans to launch a CFTC-regulated spot cryptocurrency exchange.