River Markets registers affiliate for prediction markets
Key points
- River Markets has registered affiliate River Finance LLC as a futures commission merchant with the CFTC.
- The registration allows River Finance to hold customer accounts and handle client funds.
- River Markets has routed more than 250 million contracts as prediction-market trading expands.
River Markets has registered affiliate River Finance LLC as a futures commission merchant with the CFTC, according to an exclusive report by The Block.
The registration also secures River Finance membership in the National Futures Association, allowing it to hold customer accounts and handle client funds.
“Our conversations with the institutions entering this market give us a unique view of what they need,” River Markets co-founder and CEO Oscar Levy said in a release.
River Markets is developing a prime brokerage platform that would let institutional traders manage positions and risk across multiple exchanges.
The planned platform aims to provide a single account for capital management, financing arrangements and permitted over-the-counter trading.
Founded in May 2026, River Markets has routed more than 250 million contracts and serves hedge funds, sports funds and proprietary trading firms.
The company raised $8.5 million in seed funding, while combined October trading volume across Kalshi and Polymarket platforms exceeded $500 billion.
River Markets is privately held, so its registration does not produce a publicly traded share-price reaction.
Frequently asked questions
More from Crypto
PNC launches USDC payments for corporate clients
Ethereum Foundation faces lawsuit over employee dismissal
North Korea-linked hackers used meme coins to move stolen crypto
Formation Securities targets Solana stock trading launch
Avalanche secures NYSE-linked tokenisation infrastructure role
Blumenthal sets January deadline for crypto firms
