Gemini Prepares to Offer Prediction Market Contracts: Bloomberg

Cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, is reportedly discussing the imminent launch of products in the prediction market sector, according to a Bloomberg report citing sources familiar with the matter. This move comes as the industry has seen significant growth, highlighted by market leaders like Polymarket, which facilitated over $8 billion in bets during the 2024 U.S. election campaign. Prediction market contracts are classified as derivatives, meaning Gemini's application to offer them would require approval from the U.S. Commodity Future Trading Commission (CFTC), a process that could take several months. Gemini, which became a publicly traded company on the Nasdaq in September, is targeting an entry into this burgeoning market.

(Source：CoinDesk)