Moomoo, a subsidiary of Futu Holdings, has obtained a U.S. prediction market license and will launch event contract trading services.

Moomoo, the overseas brand of Futu Holdings, has obtained a prediction market compliance license from U.S. regulatory authorities, becoming one of the first online brokers authorized to offer event contract trading services to retail investors in the United States. According to disclosures, Moomoo plans to launch these services for U.S. users shortly, covering domains including sports events, economics, politics, and culture. Event contracts are financial derivatives designed around the outcomes of specific events; users can trade on whether an event “will or will not occur” and settle positions once the outcome is determined. Moomoo stated that these products will operate under the regulatory framework of the U.S. Commodity Futures Trading Commission (CFTC).