Gemini soars 14% as new license opens door to US prediction markets

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.

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.

The chief executives of prominent cryptocurrency firms, including Gemini and Kraken, have joined the U.S. Commodity Futures Trading Commission's (CFTC) Innovation Council to contribute to policy discussions aimed at shaping the future of the cryptocurrency market. This initiative underscores the growing involvement of industry leaders in regulatory matters.

Congressman Keith Self of Texas has introduced an amendment to the $900 billion US Defense Bill aimed at prohibiting the Federal Reserve from developing or piloting a central bank digital currency (CBDC). This amendment comes as part of a broader push against what Self describes as an 'Anti-CBDC Surveillance State' initiative.

The UK crypto lobbying group has partnered with the Digital Chamber to advocate for cross-border cryptocurrency policy, reflecting a growing collaboration between US and UK policymakers on crypto regulation. This partnership aims to enhance regulatory frameworks and promote a unified approach to digital asset governance.

Shiba Inu has experienced a significant increase in spot trading volume across major exchanges, including a 154% rise on Kraken over the past week, indicating a potential bullish trend for the second-largest meme coin by market cap. This surge comes as the broader cryptocurrency market faces declines, suggesting that buyers are stepping in to support the SHIB price at critical levels.