According to the company’s announcement, moomoo, the overseas independent brand of Futu, is among the first online brokers approved to offer event contracts in the United States.
Moomoo said it obtained a U.S. prediction market compliance license, allowing it to offer event contracts to retail users in the United States. The company described itself as one of the first online brokers to receive approval for this business. According to the official announcement, moomoo operates as the overseas independent brand of Futu. Event contracts are prediction market products that let users take positions on the outcome of defined future events, expanding the range of regulated trading products available to retail participants.