Crypto exchange Gemini eyes integrating prediction markets: Report
Gemini is reportedly planning to enter the prediction markets space soon, filing with the CFTC to operate a derivatives exchange.Summary
Crypto exchange Gemini is reportedly preparing to enter the prediction markets arena, a significant expansion following its September IPO. Citing sources familiar with the matter, Bloomberg reported that Gemini aims to enter this space "as soon as possible" and has filed with the Commodity Futures Trading Commission (CFTC) to operate a derivatives exchange. Gemini executives allegedly discussed using this license to facilitate the trading of event contracts, allowing users to bet on real-world outcomes. This move follows similar integrations or plans by competitors like Coinbase and MetaMask. The prediction market sector is currently seeing high activity, with platforms like Kalshi achieving record trading volumes, and Polymarket also crossing the $1 billion weekly volume mark.
(Source：Cointelegraph)