Bitnomial Gains CFTC Approval for Bitcoin Prediction Markets, Expanding Crypto Derivatives

U.S.-based crypto exchange Bitnomial has received regulatory approval from the Commodity Futures Trading Commission (CFTC) to offer event-based futures contracts, commonly known as prediction markets. This landmark decision allows Bitnomial to list and clear derivatives tied to the outcomes of real-world events, such as elections, using Bitcoin (BTC) as collateral. The move positions Bitnomial alongside other regulated entities like Kalshi and Polymarket in a growing niche, signaling increased institutional acceptance of crypto-based financial products. This regulatory green light is seen as a significant step for the broader cryptocurrency derivatives market, potentially increasing mainstream adoption and liquidity for Bitcoin-backed instruments.