Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments

Gemini has received regulatory approval from the Commodity Futures Trading Commission (CFTC) to launch prediction markets in the United States through its subsidiary, Gemini Titan. This license allows US customers to engage in event contracts, which are simple yes/no bets on future events.

Gemini's stock surged in premarket trading following the approval of a license for prediction markets by the Commodity Futures Trading Commission (CFTC). This regulatory green light allows Gemini to expand its offerings in the U.S. market, potentially attracting more investors and diversifying its trading options.

Gemini has received approval from the Commodity Futures Trading Commission (CFTC) to offer prediction markets in the United States, resulting in a nearly 14% surge in its stock price. This regulatory green light allows the company to expand its services and engage U.S. customers through its subsidiary, Gemini Titan.

Dogecoin (DOGE) has experienced a decline, falling below the $0.1450 mark against the US Dollar, and is currently consolidating losses with resistance noted around $0.1420. The price has dropped below key support levels, including a break of a bullish trend line, indicating bearish momentum in the market.

XRP price has recently declined below $2.10, struggling to maintain support around the $2.050 pivot level. The price has dropped to $1.993, indicating a bearish trend as it trades below key moving averages. A failure to recover above $2.00 could lead to further declines for the cryptocurrency.

The U.S. Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, which includes leaders from both cryptocurrency exchanges like Kraken and traditional stock exchanges such as Nasdaq. This council aims to discuss and propose reforms in market structure and regulatory frameworks for digital assets and prediction markets.

Gemini has received approval from the Commodity Futures Trading Commission (CFTC) to operate prediction markets in the U.S., leading to a significant increase in its stock price. This approval allows the company to expand its offerings through its subsidiary, Gemini Titan, enabling U.S. customers to engage in event contracts.

An affiliate of the cryptocurrency exchange Gemini has received a designated contract market license, enabling it to offer prediction markets in the United States. This development has resulted in a 14% increase in Gemini's stock price, reflecting positive market sentiment towards the company's new venture.