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Crypto
Polymarket files for U.S. margin trading, seeks futures broker registration
Polymarket has submitted an application to provide margin trading in the United States. If approved, users would be able to bet on events with less capital than usual. The Block, citing the National Futures Association’s BASIC system, reported that ComingHome GBA sought approval related to futures commission merchant registration through PM Derivatives. Full rollout of leveraged trading would also require approval from the Commodity Futures Trading Commission.
Crypto
OKX officially announces joint venture with ICE to link traditional finance and digital assets
Global cryptocurrency firm OKX on June 23 officially announced the creation of a joint venture with Intercontinental Exchange, the parent of the New York Stock Exchange. The venture will build next-generation infrastructure for tokenised financial products and digital assets. It will be owned 50-50 and is to launch as a U.S.-registered broker-dealer and futures commission merchant after regulatory approval. OKX users in the United States and overseas will gain direct access to ICE futures and the NYSE tokenised stock market.
Crypto
Crypto.com launches new prediction market platform OG
Crypto.com said on Tuesday it has officially launched OG, a prediction market platform. The company said OG combines a consumer-friendly app environment, social media-style participation features and institutional-grade reliability, allowing users to trade and communicate about the likelihood of outcomes across a range of real-world events and compete through a leaderboard. OG offers access to contracts including sports event contracts regulated by the U.S. Commodity Futures Trading Commission.