Five years later, the exchange Gemini received a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC). This will allow the company to launch a platform. Gemini Titan and offer regulated prediction markets to US clients.
In a statement Gemini It is said that US clients will soon be able to trade event contracts directly through the platform’s web interface using the dollars they already have in their accounts. GeminiSupport for the crypto exchange’s mobile app will be added in the future.
One of the founders of the exchange, Tyler Winklevoss, said that the approval Gemini shows that US regulators are now willing to view prediction markets as a legitimate and scalable financial sector.
Entry into this emerging and developing market continues to move forward Gemini «Towards creating a universal financial super app for clients. Forward,» he said.
Having received the DCM license, Gemini Titan will be able to offer contracts on binary events, including questions such as «Will the price of 1 Bitcoin be above $200,000 this year?» This will allow Gemini compete directly with popular prediction markets polymarket и Kalshi.