Gemini Wins U.S. Approval for Regulated Prediction Markets
The crypto exchange secured a Designated Contract Market license, enabling the launch of regulated prediction markets in the United States.
Summary
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Terms & Concepts
Designated Contract Market (DCM): A trading facility licensed to offer futures or options contracts under U.S. Commodity Futures Trading Commission oversight.
Prediction Market: A platform where participants trade contracts based on the outcomes of future events.