Bitnomial Clearinghouse LLC Receives CFTC Authorization
Bitnomial Clearinghouse LLC has been granted authorization by the U.S. Commodity Futures Trading Commission (CFTC) to clear swaps that are fully collateralized. This significant move paves the way for its parent company, Bitnomial, to introduce prediction markets alongside offering clearing services to other platforms.
Expansion of Trading Products
As detailed in a recent Friday announcement, Bitnomial’s prediction markets will span both cryptocurrency and economic events, supplementing its existing range of Bitcoin and crypto derivatives offerings. These contracts will enable traders to speculate on various outcomes, including the fluctuation of token prices and key macroeconomic indicators.
With this newly acquired approval, Bitnomial broadens the scope of its trading products. The Chicago-based firm operates an exchange and clearing service that encompasses perpetuals, futures, options contracts, and leveraged spot trading. Additionally, the clearinghouse provides support for crypto-based margin and settlement, thus allowing for the direct margining and settling of approved products in digital assets.
Comments from Leadership
Michael Dunn, President of Bitnomial, remarked that this approval empowers the firm to cater to both its own exchange and external collaborators, thereby creating a more robust clearing network that enhances the prediction market landscape.
Unlike traditional trading platforms, Bitnomial Clearinghouse functions purely as an infrastructure-focused clearing provider, offering approved partners access to its margin and settlement frameworks, alongside facilitating the conversion of collateral between U.S. dollars and cryptocurrencies.
Recent Developments in Cryptocurrency Trading
This approval follows another recent milestone, where the CFTC authorized the establishment of a CFTC-regulated spot cryptocurrency trading platform in the U.S. This platform will enable customers to engage in trading both leveraged and non-leveraged crypto products under the supervision of federal regulations.
Surge in Prediction Market Interest
In the realm of prediction markets, interest has surged in 2025, with platforms like Kalshi amassing a trading volume of $5.27 billion within the previous month. Simultaneously, the blockchain-based platform Polymarket reported nearly $2 billion in trading activity over the same timeframe.
Polymarket’s operations were recently bolstered when it received regulatory go-ahead from the CFTC to facilitate an intermediated trading platform, allowing transactions through licensed brokers in accordance with U.S. market regulations. This latest approval comes after an investigation initiated in July by the CFTC and Department of Justice over concerns regarding Polymarket’s service to U.S. users, which included an FBI search of the home of its founder, Shayne Coplan.
Notably, Polymarket utilizes the Polygon blockchain for settling contracts with the USDC stablecoin and has recently entered into several strategic partnerships, including collaborations with the UFC and fantasy sports operator PrizePicks.
