Bitnomial Clearinghouse LLC has received authorization from the US Commodity Futures Trading Commission (CFTC) to clear fully collateralized swaps, allowing its parent company, Bitnomial, to initiate prediction markets and provide clearing services for other platforms.
As per Friday’s announcement, Bitnomial’s prediction market will encompass crypto and economic events, complementing its current offerings of Bitcoin (BTC) and crypto derivatives products. The contracts are structured to enable traders to speculate on outcomes, including token price levels and macroeconomic indicators.
This approval broadens the range of trading products available through Bitnomial. Based in Chicago, the company provides perpetuals, futures, options contracts, and leveraged spot trading via its exchange and clearing entities. The clearinghouse also facilitates crypto-based margin and settlement, allowing approved products to be margined and settled directly in digital currencies.
Michael Dunn, president of Bitnomial, stated that the approval empowers the company to support “both our own exchange and external partners, constructing a clearing network that enhances the entire prediction market ecosystem.”
Bitnomial Clearinghouse functions as an infrastructure-only clearing provider rather than a retail competitor, offering approved partners access to its margin and settlement systems and allowing collateral conversion between US dollars and cryptocurrency.
This approval follows a recent green light for launching a CFTC-regulated spot cryptocurrency trading platform in the US, enabling customers to buy, sell, and trade both leveraged and non-leveraged crypto products on a federally supervised exchange.
Related: Coinbase may debut prediction markets, tokenized stocks on Wednesday: Report
Polymarket gains traction in the US
Prediction markets have become a significant trend in 2025. According to DefiLlama data, prediction market Kalshi has achieved $5.27 billion in trading volume over the past 30 days, while blockchain-based Polymarket recorded just under $2 billion during the same period.
In November, Polymarket obtained regulatory approval from the CFTC to function as an intermediated trading platform, permitting access through registered brokers in accordance with US market regulations.
The approval followed the conclusion of a July investigation by the CFTC and US Department of Justice concerning Polymarket’s allowance for trading by US users, which included an FBI search of founder Shayne Coplan’s residence.
Polymarket, which settles contracts on the Polygon blockchain utilizing the USDC (USDC) stablecoin, has also formed several partnerships in recent months, including collaborations with the UFC and Zuffa boxing and fantasy sports operator PrizePicks in November.
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