Key Takeaways
- Gemini has launched a predictions market platform available in all 50 US states with no trading fees for a limited time.
- The Commodity Futures Trading Commission approved Gemini’s entry into prediction markets, signaling increased regulatory support for crypto-related derivatives.
Gemini has officially rolled out its predictions market platform, joining a growing list of companies offering forecasting tools for users to speculate on the outcome of real-world events ranging from elections to market movements.
The platform, called Gemini Predictions, is now available to users in all US states via Gemini’s iOS app and website, the exchange said in a Monday statement, and will offer no trading fees for a limited time.
The launch follows approval from the Commodity Futures Trading Commission for Gemini to enter the prediction markets sector.
Co-founded by billionaire twin brothers Tyler and Cameron Winklevoss, Gemini has expanded its product lineup under the Trump administration, which has taken a more crypto-friendly, pro-business approach to digital asset regulation.
The firm resolved its legal challenges with the SEC after going public on Nasdaq in September, and it is now considering adding crypto futures, options, and perpetual contracts for US users.
Source: https://cryptobriefing.com/gemini-predictions-market-launch/
