Gemini Space Station, Inc. (NASDAQ:GEMI) disclosed Wednesday that its subsidiary, Gemini Titan, LLC, has been cleared by the regulators to offer prediction markets to U.S. customers.
Gemini Enters Prediction Market Landscape
Gemini Titan received a Designated Contract Market license by the Commodity Futures Trading Commission, the company said in a press release.
This license will enable Gemini’s U.S. customers to engage in prediction markets by trading event contracts on Gemini’s web interface using the funds in their Gemini account.
To begin with, Gemini will offer contracts that are simple “Yes” or “No” questions about future events.
Winkelvoss Thanks Trump
Gemini first applied for a DCM license in March 2020.
“Today’s approval marks the culmination of a 5-year licensing process and the beginning of a new chapter for Gemini,” said Tyler Winklevoss, the company’s CEO. “It’s incredibly refreshing …
Full story available on Benzinga.com