In a significant regulatory breakthrough, PredictIt, the online prediction market platform, has secured approval from the US Commodity Futures Trading Commission (CFTC). This approval marks the end of a tumultuous legal journey for PredictIt, allowing the platform to officially operate as a designated contract market (DCM) and a derivatives clearing organization (DCO) in the United States. As the platform gears up for an October launch, this development could have far-reaching implications, particularly in the realm of cryptocurrency investments.
PredictIt’s Bumpy Road to Approval
PredictIt’s journey to regulatory clearance has been anything but smooth. Initially launched in 2014 as an academic endeavor backed by Victoria University of Wellington and managed by Aristotle Inc., PredictIt operated under a CFTC no-action letter. This allowed it to function as a non-profit prediction market. However, this exemption was revoked in 2022, sparking a prolonged legal battle. The tides turned in mid-2023 when an appeals court permitted PredictIt to continue operations while the legal proceedings were underway. By mid-2025, PredictIt reached a settlement with the CFTC, enabling it to continue its operations under the Prediction Market Research Consortium, a US-based non-profit organization.
Strategic Expansion Beyond Politics
With its legal troubles behind it, PredictIt is now poised to expand its horizons beyond political predictions. The platform is eyeing a broader market, potentially venturing into the lucrative world of cryptocurrency predictions. This move would allow PredictIt to compete with platforms like Polymarket, another prediction market that received CFTC approval recently. Polymarket, which runs on the Polygon network, has gained popularity for its crypto milestone bets, such as predicting Bitcoin prices. Should PredictIt incorporate on-chain forecasts, it could significantly raise awareness about cryptocurrencies among its 400,000-plus users.
Crypto Projects Set to Benefit
PredictIt’s potential expansion into crypto predictions could be a boon for emerging cryptocurrency projects. The platform’s user base might soon explore crypto bets, injecting fresh capital into digital assets and drawing attention to promising coins like Maxi Doge ($MAXI) and Best Wallet Token ($BEST).
Maxi Doge ($MAXI) – A Contender in the Crypto Space
Maxi Doge ($MAXI), a Shiba Inu-themed coin, is carving out a niche in the crypto space with its focus on leverage trading and market strength. Since its launch on July 29, 2025, $MAXI has raised nearly $2 million in its presale. The token offers substantial staking rewards, with a current annual percentage yield (APY) of 159%. As part of its roadmap, Maxi Doge plans to introduce gamified training and futures trading partnerships, aiming to attract more investors. With a significant portion of its token supply allocated for marketing and development, $MAXI shows promise as a potential investment.
Aethir ($ATH) – Powering Decentralized Computing
Aethir ($ATH), the native token of a decentralized GPU-as-a-service platform, is making waves with its innovative approach to cloud computing. The platform has already deployed over 435,000 GPU containers across 90-plus countries, offering low-latency compute for AI training, Web3 gaming, and more. Aethir’s recent expansion into AI and Web3 sectors, along with partnerships with educational institutions like Arizona State University, has spurred a 50% spike in $ATH’s value. As Aethir continues to grow, $ATH presents an attractive investment opportunity.
Best Wallet Token ($BEST) – More Than Just a Wallet
Best Wallet Token ($BEST) is the backbone of Best Wallet, a user-friendly, non-custodial crypto wallet. With $15.6 million raised in its presale, $BEST offers benefits like lower gas fees, governance rights, and staking rewards. The wallet supports over 1,000 tokens across major blockchain networks and plans to expand to 60-plus networks soon. Best Wallet’s emphasis on security and flexibility, combined with features like a crypto debit card and NFT gallery in development, makes $BEST a compelling choice for investors.
A New Era for Prediction Markets and Crypto
PredictIt’s forthcoming launch under full CFTC approval could usher in a new era for prediction markets in the US. By potentially integrating cryptocurrency bets, PredictIt might channel capital and attention toward early-stage crypto projects. Presales like $MAXI and $BEST are well-positioned to capitalize on this shift, given their strong utility and growth potential.
As always, investors are advised to conduct thorough due diligence before making any investment decisions. While the crypto market offers enticing opportunities, it also carries inherent risks. Don’t invest more than you’re willing to lose.
In the ever-evolving landscape of cryptocurrency, PredictIt’s entry into the market as a regulated entity is a development worth watching closely.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
