Bitnomial Clearinghouse LLC has gained the approval from the U.S. Commodity Futures Trading Commission (CFTC) to manage fully collateralized swaps. This will enable Bitnomial to establish prediction markets, providing clearing services to various platforms.
As stated in a Friday announcement, Bitnomial’s prediction market will address both crypto and economic events, complementing its current Bitcoin and crypto derivatives products. These contracts will allow traders to speculate on outcomes like token price levels and macroeconomic data.
The recent authorization broadens the trading offerings from Bitnomial, a company based in Chicago. Its exchange and clearing divisions provide perpetuals, futures, options contracts, and leveraged spot trading, and the clearinghouse allows margin and settlement based in crypto.
Michael Dunn, the president of Bitnomial, expressed that this approval enables the company to support both its own exchange and outside partners, forming a clearing network that will enhance the prediction market ecosystem.
Operating solely as an infrastructure clearing provider, Bitnomial gives approved partners access to their margin and settlement systems and allows for conversions between U.S. dollars and cryptocurrencies.
This approval follows a recent acceptance to initiate a CFTC-regulated spot cryptocurrency trading platform in the U.S., permitting customers to trade leveraged and non-leveraged crypto products on a federally monitored exchange.
Polymarket Gains Traction in the U.S.
Prediction markets have become notably popular in 2025. Data from DefiLlama indicates that the prediction market Kalshi has achieved a trading volume of $5.27 billion in the last month, while blockchain-based Polymarket is just under $2 billion in the same timeframe.
In November, Polymarket received CFTC regulatory approval to function as an intermediated trading platform, allowing access through registered brokers under U.S. market regulations.
This approval came after the closure of an investigation conducted in July by the CFTC and the U.S. Department of Justice regarding whether Polymarket permitted trading by U.S. users. The inquiry included a search of founder Shayne Coplan’s residence.
Polymarket, which settles contracts on the Polygon blockchain using the USDC stablecoin, has also formed multiple partnerships recently, including those with UFC and Zuffa boxing, as well as with the fantasy sports operator PrizePicks in November.
