Crypto derivatives exchange Bitnomial receives CFTC approval to launch prediction market.

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According to Mars Finance, cryptocurrency derivatives exchange Bitnomial has announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts, enabling it to offer prediction market services, currently focused on cryptocurrencies and economic events. Furthermore, Bitnomial Clearinghouse, the exchange's clearing function, can provide a wider range of clearing services to partner prediction markets, thereby gaining collateralized liquidity between USD and cryptocurrencies.

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