The prediction market sector just added another institutional license.
River Finance LLC, an affiliate of River Markets, has officially completed its registration as a futures commission merchant (FCM) with the CFTC and joined the NFA. It can now legally custody institutional client funds and open client accounts—not just handle cross-exchange execution and risk management.
CEO Oscar Levy said institutions need more than the ability to trade event contracts; they also need to move funds across exchanges and manage exposure around the clock. Founded in May this year, the company has matched more than 250 million contracts and raised an $8.5 million seed round (from Haun, YC, Coinbase Ventures, and others).
A quick note: this is not River One, which Securitize just acquired—this is the institutional brokerage infrastructure for prediction markets.
#预测市场 #CFTC #RWA
River Finance LLC, an affiliate of River Markets, has officially completed its registration as a futures commission merchant (FCM) with the CFTC and joined the NFA. It can now legally custody institutional client funds and open client accounts—not just handle cross-exchange execution and risk management.
CEO Oscar Levy said institutions need more than the ability to trade event contracts; they also need to move funds across exchanges and manage exposure around the clock. Founded in May this year, the company has matched more than 250 million contracts and raised an $8.5 million seed round (from Haun, YC, Coinbase Ventures, and others).
A quick note: this is not River One, which Securitize just acquired—this is the institutional brokerage infrastructure for prediction markets.
#预测市场 #CFTC #RWA
