The prediction market broker River Markets' affiliated company completed CFTC registration

According to The Block, the prediction market broker River Markets stated that its affiliate River Finance LLC has registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) in the United States and has joined the National Futures Association (NFA), allowing it to hold customer accounts and manage customer funds.

River Markets is building a primary brokerage platform for prediction markets aimed at institutional traders, planning to enable clients to manage funds, positions, and risks across multiple exchanges and clearinghouses through a single account, and to support financing arrangements and approved over-the-counter trading.

The company was established in May of this year and claims to have transferred over 250 million contracts for clients such as hedge funds and proprietary trading firms, having previously completed a $8.5 million seed round of financing.