ProphetX Secures CFTC Licenses for U.S. Sports Prediction Market
ProphetX, a New York-based operator, has officially received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as both a designated contract market (DCM) and a derivatives clearing organization (DCO). This dual registration positions ProphetX to become the first sports-native, direct-clearing prediction market in the United States. The approvals follow the company’s initial DCM and DCO filings in November 2025 and a subsequent April 2026 comment letter addressing the CFTC’s Advance Notice of Proposed Rulemaking on prediction markets. […] The post ProphetX Secures CFTC Licenses for U.S. Sports Prediction Market appeared first on World Casino News.
ProphetX, a New York-based operator, has officially received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as both a designated contract market (DCM) and a derivatives clearing organization (DCO). This dual registration positions ProphetX to become the first sports-native, direct-clearing prediction market in the United States. The approvals follow the company’s initial DCM and DCO filings in November 2025 and a subsequent April 2026 comment letter addressing the CFTC’s Advance Notice of Proposed Rulemaking on prediction markets. […]
The post ProphetX Secures CFTC Licenses for U.S. Sports Prediction Market appeared first on World Casino News.
