Wu Blockchain (@WuBlockchain): According to Forbes, UK betting exchange Smarkets, the second-largest in the country, has applied to the U.S. Commodity Futures Trading Commission (CF…
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According to Forbes, UK betting exchange Smarkets, the second-largest in the country, has applied to the U.S. Commodity Futures Trading Commission (CFTC) for Designated Contract Market (DCM) and Designated Clearing Organization (DCO) licenses as it plans to enter the U.S. prediction market sector. Founded in 2008, Smarkets has processed about $50 billion in lifetime trading volume and around $3 billion annually, and is currently profitable. If approved, Smarkets aims to launch in the U.S. by the end of 2026. https://www.forbes.com/sites/boazsobrado/2026/03/09/susquehanna-backed-smarkets-enters-us-prediction-market-race/