Gemini Secures CFTC Approval for Licensed U.S. Prediction Market
The cryptocurrency exchange gained regulatory clearance to operate a prediction market under oversight of the CFTC (U.S. derivatives regulator).
Summary
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Terms & Concepts
CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission oversees derivatives markets, including futures, swaps, and certain crypto-related activities.
Prediction market: A platform where participants trade contracts tied to the outcome of future events, with prices reflecting probability estimates.