Gemini has received CFTC approval to enter the prediction market, and may expand into the fields of crypto futures, options, and perpetual contracts in the future

According to The Block, the cryptocurrency exchange Gemini Space Station, Inc. (stock code GEMI) has been approved to enter the prediction market space, receiving approval from the Commodity Futures Trading Commission (CFTC) to operate a designated contract market (DCM).

Gemini stated in a press release that its prediction platform, named "Gemini Titan," will initially offer classic binary event contracts, which pose simple "yes or no" questions about future events. In the future, the platform may expand to other derivatives markets under CFTC regulation, such as cryptocurrency futures, options, and perpetual contracts.