Prediction platform STX wins CFTC approval as designated contract market and clearing organization

STX, a prediction platform focused on sports and other real-world outcomes, says it can now operate a fully regulated US exchange and clear trades on it, running the full stack from order matching to settlement under federal oversight. The company previously launched as a regulated exchange in Ontario and describes the US approval as the result of a multi-year process. It is courting developers with a live API, SDKs in TypeScript, Python and C#, and a Launch Partner Program. CEO Justin Deutsch framed the approval as a starting point, with US trading coming soon via a waitlist.

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