River Markets affiliate registers as CFTC futures commission merchant, joins NFA

River Markets' affiliate River Finance LLC has registered with the CFTC as a futures commission merchant and joined the NFA, enabling it to carry customer accounts and handle client funds. The firm is building a prime brokerage platform for prediction markets, letting institutions manage capital, positions and risk across exchanges via a single account, with plans for financing and permitted OTC trading. Founded in May, River Markets has routed over 250 million contracts and raised $8.5 million in seed funding. The article notes similar moves by Polymarket affiliates, Kalshi's Kinetic Markets, Blockchain.com, and Hyperliquid Strategies, amid October prediction market volume above $500 billion.

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