Gemini preparing to launch prediction market contracts
Gemini preparing to launch prediction market contracts
Gemini preparing to launch prediction market contracts: Bloomberg
Quick Take
- Gemini is planning to offer prediction market contracts, Bloomberg reported.
- In May, the exchange filed to launch a derivatives exchange, which may be used for prediction markets trading.
Gemini, the crypto exchange founded by the Winklevoss twins, is planning to launch prediction market contracts, Bloomberg reported Tuesday.
Citing anonymous sources familiar with the plans, the report said Gemini discussed launching the products as soon as possible.
In May, Gemini filed an application to the Commodity Futures Trading Commission to operate a designated contract market, the regulatory status required for a derivatives exchange. This new platform, currently under review, could potentially be the exchange for prediction contracts, according to Bloomberg.
The crypto exchange reportedly teased this new venture in a filing ahead of its September initial public offering, stating that it aims to launch event contracts for “economic, financial, political and sports forecasts.”
