Gemini Secures CFTC Approval for Licensed U.S. Prediction Market
The cryptocurrency exchange received authorization from the CFTC (U.S. derivatives regulator) to operate a regulated prediction market within the United States.
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Terms & Concepts
CFTC: The Commodity Futures Trading Commission, a U.S. federal agency regulating derivatives markets including futures, options, and swaps.
Prediction Market: A platform where participants trade contracts based on the outcomes of future events, using market prices to indicate collective forecasts.