Prediction Market Broker River Markets Affiliate Completes CFTC Registration

On November 9, prediction market broker River Markets said its affiliate, River Finance LLC, has registered with the US Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM) and joined the National Futures Association (NFA), enabling it to hold client accounts and handle client funds, according to The Block.

River Markets is building a prime brokerage platform for prediction markets targeting institutional traders, planning to allow clients to manage funds, positions, and risk across multiple exchanges and clearinghouses through a single account, while supporting financing arrangements and approved over-the-counter trading.

The company was founded this May and claims to have routed over 250 million contracts for clients such as hedge funds and proprietary trading firms, having previously closed an $8.5 million seed funding round.