According to Cointelegraph, Bitnomial Clearinghouse LLC has received approval from the Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts, enabling its parent company Bitnomial to launch a prediction market and provide clearing services for other platforms.
Bitnomial's prediction market will cover cryptocurrency and economic events, with existing products including Bitcoin and crypto derivatives. The contract design allows traders to bet on outcomes such as token price levels and macroeconomic data.
Bitnomial President Michael Dunn stated that this approval allows the company to serve its own exchange and external partners, building a clearing network that strengthens the entire prediction market ecosystem.
The prediction market will become a major trend in 2025. According to DefiLlama data, Kalshi's trading volume reached $5.27 billion in the past 30 days, while blockchain-based Polymarket's trading volume approached $2 billion.
