New Delhi, July 30 -- WASHINGTON - Retail traders who navigate offshore crypto wallets to bet on election outcomes and Federal Reserve decisions may soon have a regulated American alternative. Binance.US, the US subsidiary of the world's largest cryptocurrency exchange, plans to apply for a Commodity Futures Trading Commission license that would let it operate as a federally regulated derivatives market, Chief Executive Steve Gregory said Wednesday at the Rare Evo blockchain conference in Denver.

The company intends to file for a Designated Contract Market license, the same regulatory framework that governs Kalshi and other CFTC-supervised platforms authorized to list contracts on real-world outcomes, with an application expected in Augu...