CFTC Innovation Council adds prediction market, exchange CEOs

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.

Bitcoin (BTC) and Nasdaq futures have experienced a decline as Oracle's earnings have reignited concerns about the sustainability of the AI-driven market rally. This downturn has raised fears of a potential bubble in the tech sector, impacting investor sentiment across the cryptocurrency landscape.

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.

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 Commodity Futures Trading Commission (CFTC) has initiated a pilot program allowing Bitcoin, Ether, and USDC to be utilized as in-kind collateral in U.S. derivatives markets through registered brokers. This marks a significant regulatory advancement in the integration of digital assets into traditional financial systems.

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.