CFTC no-action letter lets Bitnomial list fully collateralized event contracts

The US Commodity Futures Trading Commission has issued a no-action letter to crypto derivatives venue Bitnomial, allowing it to list event contracts and operate prediction-style markets. Under the letter, Bitnomial is exempt from standard asset swap reporting rules but must keep all positions fully collateralized and publish detailed market data, while supplying information to the regulator on request. The move comes after a surge of interest in US prediction markets, including major funding for Polymarket and strategic moves by Kalshi, ICE and Coinbase.