Gemini is preparing to launch CFTC-regulated prediction market

Gemini is preparing to launch a prediction market regulated by the Commodity Futures Trading Commission (CFTC), marking a significant development for the crypto exchange. The company is actively seeking approval from U.S. derivatives regulators to proceed with this initiative. This new venture represents an expansion beyond Gemini's traditional cryptocurrency trading offerings, as it moves into event-based financial products. The launch of a CFTC-regulated prediction market underscores Gemini's efforts to diversify its platform and engage with regulated financial instruments. This strategic move could position Gemini uniquely within the crypto and broader financial markets. The confirmation of this launch highlights the exchange's commitment to regulatory compliance and innovation. Overall, Gemini's expansion into prediction markets reflects a broader trend of crypto platforms exploring new financial products under regulatory oversight.