Gemini soars 14% as new license opens door to US prediction markets
An affiliate of the crypto exchange Gemini received a designated contract market license, and it now plans to offer prediction markets in the US.
Crypto exchange Gemini, founded by billionaire twins Tyler and Cameron Winklevoss, has scored a license from the Commodity Futures Trading Commission to offer prediction markets in the US.
Gemini said on Wednesday that its affiliate, Gemini Titan, received a designated contract market license from the CFTC and “plans to enter into the prediction markets space.”
The company said that “starting shortly,” its US users would be able to trade event contracts on its web platform. Gemini also said it would expand its US derivatives offerings to include crypto futures, options and perpetual contracts.