Binance.US is seeking up to $100 million in a private funding round at a valuation of about $1 billion, Bloomberg reported on Oct. 15. The terms could change, and the proposed valuation is below the $4.5 billion pre-money valuation attached to the exchange’s 2022 round, which Binance.US said raised more than $200 million. World Liberty Financial was informed about the proposed financing but is not participating, Bloomberg reported. The exchange is considering prediction markets and external sources of trading liquidity, potentially including global Binance, while seeking to restore some state money-transmitting licenses. Its effort to regain market share follows Binance Holdings’ 2023 settlement with U.S. authorities, which included $4.3 billion in penalties and additional monitoring and oversight. Changpeng Zhao pleaded guilty to a felony charge, served four months in prison and received a pardon from Donald Trump in 2025. It remains unclear whether Binance.US filed a planned application with the Commodity Futures Trading Commission for prediction markets. The proposed financing is separate from global Binance’s reported $100 million investment in Circle.