Moomoo, a subsidiary of Futu, has obtained a predictive market license in the United States and will launch event contract trading services

Moomoo, an overseas brand under Futu, has obtained a compliance license for predictive markets issued by U.S. regulatory authorities, becoming one of the first online brokers to offer event contract trading services to retail users in the United States. According to the disclosure, Moomoo plans to launch related services for U.S. users soon, covering areas such as sports events, economics, politics, and culture.

Event contracts are financial derivatives designed around the outcomes of specific events, allowing users to trade on whether an event "will occur" and settle after the results are determined. Moomoo stated that the related products will comply with the regulatory framework of the U.S. Commodity Futures Trading Commission (CFTC).