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Gemini Secures CFTC License to Offer Event Contracts

The cryptocurrency exchange earned a Designated Contract Market license from the CFTC (U.S. derivatives regulator) to launch binary-style prediction markets.

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Terms & Concepts
  • Designated Contract Market (DCM): A CFTC-regulated exchange where commodities or derivatives contracts, including event-based products, are traded.
  • CFTC: The Commodity Futures Trading Commission, a U.S. federal agency overseeing derivatives markets including futures, options, and swaps.
  • Event Contract: A type of derivative where participants bet on the outcome of a specific event, typically answered with a binary yes or no result.