Gemini
$164.5M
has introduced its prediction market service, Gemini Predictions, to every US state after obtaining approval from the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market.
Gemini’s founders, Tyler and Cameron Winklevoss, officially shared this update on December 15.
The affiliate entity Gemini Titan is operating the platform as part of the compliance framework required by regulators.
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Participants can use the platform to trade on the outcomes of various real-world events, with settlements handled quickly and in full transparency.
This initiative expands the services available in the Gemini app, which previously included features such as asset staking, token rewards, and tokenized equity purchases. As of now, users can also access prediction markets as a new addition.
The company’s updated product strategy is centered on creating a single platform offering a variety of digital asset services.
The rollout aligns with a trend in the industry, as other major exchanges and crypto companies look to create solutions that bundle prediction-market functionality with other digital finance services.
Several competing platforms in the US, including Polymarket, have also made recent decisions to navigate regulatory requirements and bring prediction markets to American users.
On December 2, Myriad became the first prediction-market platform built into Trust Wallet’s new Predictions feature. How does the feature work? Read the full story.
