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Gemini Secures CFTC Approval for Prediction Market Launch

The crypto exchange gained a Designated Contract Market license, paving the way for Gemini Titan to offer binary event contracts to U.S. users.

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Terms & Concepts
  • CFTC (U.S. derivatives regulator): The Commodity Futures Trading Commission, a federal agency overseeing derivatives markets, including futures, options, and certain swaps.
  • Designated Contract Market (DCM): A regulated exchange authorized by the CFTC to list futures or options contracts for trading.
  • Binary event contracts: A type of derivative where payouts depend on the outcome of a specific event, often used in prediction markets.