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Gemini Secures CFTC Approval for U.S. Prediction Market Platform

The CFTC (U.S. derivatives regulator) greenlights Gemini's entry into prediction markets, with potential future expansion into crypto futures, options, and perpetual contracts.

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Terms & Concepts
  • CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission regulates U.S. derivatives markets, including futures, options, and swaps.
  • Perpetual contracts: Derivative instruments similar to futures but with no expiry date, used to speculate or hedge cryptocurrency prices.
  • Prediction market: A platform where participants trade contracts tied to event outcomes, reflecting collective forecasts of future events.