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The 77-year-old former mayor of New York filed paperwork to register a committee called “Mike Bloomberg 2020,” commission spokeswoman Judith Ingram confirmed to AFP.
All candidates must register with the commission if they want to raise or spend campaign funds of more than $5,000, but registration itself does not confirm that a candidate is running.
Bloomberg has prepared the groundwork for a possible bid for the Democratic nomination in recent weeks, including registering as a candidate in the states of Alabama, Arkansas, and Texas.
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His personal fortune of $50 billion means a Bloomberg candidacy would likely shake up the open race, with 17 candidates already vying to be the Democratic nominee to take on President Donald Trump next year.
Bloomberg’s advisors have said that if he does run then he will probably not campaign in the four states that will hold primaries in February.
Instead, he would focus on the 15 primaries scheduled for March 3, known as “Super Tuesday,” including the most populous states of California and Texas.
Former vice president Joe Biden leads the race ahead of left-wingers Elizabeth Warren and Bernie Sanders, with moderate Pete Buttigieg in fourth place, according to national polls.