Limitless Markets seeks CFTC approval for US prediction-market exchange
Limitless Markets US, LLC, has filed with the Commodity Futures Trading Commission to become a federally regulated derivatives exchange in the United States, according to the report. The platform offers contracts on whether bitcoin’s price will rise or fall over five-minute periods. The filing seeks regulatory approval; the source does not state that the CFTC has decided on it.
A CFTC decision could determine whether Limitless can operate as a federally regulated derivatives exchange in the US.