Alpaca has registered its derivatives subsidiary as a futures commission merchant, expanding its regulated brokerage capabilities and supporting future access to prediction markets.

Alpaca said that its subsidiary, Alpaca Derivatives LLC, has registered with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM) and become a member of the National Futures Association (NFA). Prediction markets allow participants to trade contracts linked to the outcome of future events The registration allows the company to expand its regulated brokerage offering and support access to event contracts traded on prediction markets. Alpaca said it also plans