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A designated contract market license, the federal permit that authorizes a company to run a CFTC-regulated exchange, is what Binance.US plans to seek in August.
Stephen Gregory, the company's chief executive, said so at a recent conference.
The application, if filed on schedule, would go to the Commodity Futures Trading Commission and cover a prediction market platform the company is developing.
What the license actually covers The Commodity Futures Trading Commission grants designated contract market status to exchanges that want to list derivatives and futures contracts for U.S.
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