Prediction Market Seeking CFTC Approval Offers Trading on the Price of Bitcoin Every Five Minutes

Posted on: May 5, 2026, 02:10h. 

Last updated on: May 5, 2026, 02:10h.

Devin O'Connor @CasinoorgDevinO Read More
Expertise: Asia Pacific Gaming, Commercial Gaming, Legislation, Politics.
  • Limitless Markets says it specializes in short-term financial trading
  • The prediction market offers trading on the price of bitcoin every five minutes
  • Limitless is seeking CFTC approval

A cryptocurrency-based prediction market hosted on Coinbase’s Base network has filed to become a federally regulated derivatives exchange in the United States through the Commodity Futures Trading Commission (CFTC).

prediction market CFTC bitcoin price trading
A prediction market based on cryptocurrencies that’s seeking regulatory approval from the Commodity Futures Trading Commission offers trading on what the price of bitcoin will be every five minutes. Such short-term speculative trades have many critics, including Warren Buffett. (Image: Shutterstock)

Limitless Markets US, LLC, is the US-based entity of the blockchain prediction market, Limitless Exchange. The platform is presently available within the US, but its filing with the CFTC hints that the business headquartered in the Cayman Islands is seeking to become fully compliant.

Trading on Limitless has grown exponentially, with notional volume surging from $204.9 million in trades in January to $1.66 billion last month. The volume data comes from Dune Analytics, a company that analyzes crypto activity on prediction markets.

Short-Term Prediction Market 

CJ Hetherington is the CEO at Limitless Labs, the parent entity to Limitless Markets. Hetherington wrote on LinkedIn that Limitless is the “fastest-growing prediction market.” He credits the growth to Limitless offering short-term contracts, markets that resolve faster than its competitors’ products.

Hetherington said that while prediction markets’ dealing in sports, politics, and cultural events gain the bulk of the headlines, it’s short-term contracts involving currencies that are fueling Limitless’ surge.

Limitless is transforming short-term markets, with 15-minute crypto markets and one-hour commodities markets. Short-term financial prediction markets are a much bigger category than most people realize,” Hetherington wrote.

Limitless is actually running even shorter crypto markets.

Casino.org accessed the prediction market and discovered trading contracts on whether the price of bitcoin would be up or down in just five minutes.

On Kalshi, the largest prediction market currently regulated by the CFTC, the platform’s shortest contracts involving the price of bitcoin are every 15 minutes. Polymarket, another crypto-based prediction market, offers five-minute trading on the price of bitcoin, Ethereum, Dogecoin, and other cryptocurrencies.

Prediction Market Critics 

Prediction markets contend that their offerings allow investors to leverage their various acumen to their financial advantage, much like a soybean farmer might predict a poor harvest by taking a position on the commodity’s future price.

Critics say prediction markets’ products involving sports, as well as short-term trading on commodities and currencies, more closely constitute gambling than investing. Billionaire Warren Buffett, perhaps the most skilled investor in modern times, recently likened day trading and short-term speculation, such as the five-minute bitcoin price, to betting on whether the next spin of the roulette wheel will land on black or red.

The casino has gotten very attractive to people,” Buffett told CNBC this week. “If you’re buying or selling one-day options, that is not investing. It is not speculating. It is gambling. There’s nobody who can explain why they’re buying an option for one day.”

Opponents of prediction markets also claim trades involving politics and cultural events make the platforms ripe for insider trading.