Gemini wins CFTC approval for 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.

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.

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.

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.

The Commodity Futures Trading Commission (CFTC) has launched a pilot program that allows Bitcoin (BTC), Ethereum (ETH), and USDC to be used as collateral in derivatives markets. This initiative is part of a broader effort to integrate digital assets into traditional financial systems, enhancing the regulatory framework surrounding cryptocurrencies.